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Is capitalism broken?
I don’t believe there is a future for humans with capitalism still around. It may look to others like there is no way that capitalism can ever go, and that a system based on global gifting and integrative decision making is simply impossible and naïve. My claim is exactly the opposite: that anything that retains the ways in which capitalism functio... See more
Miki Kashtan • Why Capitalism Cannot Be Redeemed
There is a strong argument that neoliberal economics and growth-based capitalism are, at their core, disimagination machines. As the scholar Richard Sennett puts it, ‘Modern capitalism works by colonising people’s imagination of what is possible.’56 Thomas Piketty has shown how the creation of inequality is fundamental to capitalism’s model, built
... See moreRob Hopkins • From What Is to What If: Unleashing the Power of Imagination to Create the Future We Want
The idea that capitalism can give us what we need has always been central to its defence. More efficiently than any other system, capitalism has, in theory, been able to identify what we’re lacking and deliver it to us with unparalleled efficiency. Capitalism is the most…
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Alain De Botton • The School of Life: An Emotional Education
But the crucial hope for the future is that we will not forever need to be making money from exploitative or vain consumer appetites; that we will also learn to generate sizeable profits from helping people – as consumers and producers – in the truly important and ambitious aspects of their lives. The reform of capitalism hinges on an…
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Alain De Botton • The School of Life: An Emotional Education
What will the economy of the future look like? To answer that we must first consider the current trajectory and the ways in which modern capitalism operates, who it benefits, and if it is sustainable.In this video, historians, economists, and authors discuss income and wealth inequality, how the American economy grew into the machine that it is tod... See more
Big Think • Is a capitalist-socialist economy inevitable? | Big Think
Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of
... See moreYuval Noah Harari • Sapiens
In its defence, capitalism can point to an impressive record, at least so far. Having faced crises almost every decade for two centuries, amid the ferocious pace of constantly accelerating change, it has always found ways of extracting profit and, eventually, improving living standards. Capitalism has survived, evolved and prospered through the Ind
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