The Economist's new Schumpeter column continues to disappoint.
I wrote this letter in response to his1 December 19 column. The letter sank without a trace, despite that it was admirably concise and pithy - if I do say so myself.
Sir - Schumpeter's defense of business (The silence of Mammon, December 19) considers no alternatives, and is thus weak. Business as a “remarkable exercise in cooperation”? Religious institutions have a far longer track record in this regard. "Creatively redefining the limits of the possible?" Scientific research and education do that, and are the strong suits of the universities. A “check on the power of governments”? No, the…