Redefining Capitalism

Capitalism is arguably the most successful system humans have yet devised for raising general prosperity. Yet knowing that capitalism works is not the same as understanding how it works. Traditionally, economics defines capitalism as a system that uses markets and price signals to efficiently allocate resources. Yet many of the basic assumptions of this view are under challenge. Likewise, the version of capitalism that many countries have created has also proven to be subject to financial crises, rising inequality, and environmental damage. These issues have raised fundamental assumptions about the nature of economic growth and a quest for new models of inclusive, sustainable prosperity.

Festival: 2014

Watch and Listen: Economy

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