This TED Talk features author, Bruce Rennie Bosson, recorded live at TED NYC, 2017.

So what is capitalism? Capitalism fundamentally is a series of marketplaces.

You could have a marketplace for lemonade, a marketplace for lemons, a marketplace for trucks that transport lemons,

a marketplace that fuels those trucks,

marketplaces that sell wood to build lemonade stands. However, capitalism, of course, as we know,

is this either celebrated term or condemned term. It's either revered or it's reviled. And I'm

here to argue that this is because capitalism, in the modern iteration,

is largely misunderstood.

In my view, capitalism should not be thought of as an ideology,

but instead should be thought of as an operating system.

Think of your iPhone.

Your iPhone merges hardware with software, apps and hardware.

Now think about all the hardware as the physical reality all around you,

and think of the apps as entrepreneurial activity, creative energy.

And in between, you have an operating system.

As you have advances in hardware, you have advances in software. And the operating system needs to keep up.

It needs to be patched. It needs to be updated.

New releases have to happen.

And all of these things have to happen symbiotically.

The operating system needs to keep getting more and more advanced to keep up with innovation.

And this is why fundamentally,

when you think about it as an operating system,

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