Economics
In the News
Has capitalism become too gentle?
27th October 2017
Is capitalism broken? The Financial Times argues the opposite - with Jonathan Guthrie and Dan McCrum claiming that the version we've currently got is too tame and that we should have allowed a greater number of businesses to fail in the aftermath of the global financial crisis.
Furthermore, they argue that we should look at the way in which large firms are able to establish themselves - and suggest that there's a case for an increasingly structural approach to market competition. Zombie companies get a mention - should more of them have been allowed to fail in an environment of higher interest rates?
Here are some links to alternative views on this debate:
#Capitalism is creating environmental destruction, #inequality and #unhappiness. My latest article for @HuffPost https://t.co/Z2v8yX02Wu
— Jo Confino (@joconfino) October 26, 2017
The Briefing Room podcast: @DAaronovitch asks is capitalism broken, and if so, what should replace it? Download here https://t.co/vOrRVSBdzd pic.twitter.com/mj0b4x1Kiw
— BBC Current Affairs (@BBC_CurrAff) October 13, 2017
Britain's top business leaders just warned the promise of capitalism is 'broken' https://t.co/99ncaCTnLu pic.twitter.com/PHlj4IkGDB
— The Independent (@Independent) October 23, 2017
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