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Friday, 9 October 2015

Reinventing Capitalism?

It is argued that Capitalism is the single most effective engine for change we’ve ever invented but it’s also been instrumental in creating the very challenges that threaten our continued survival: climate change, the impending energy crisis, even over-population.

Does capitalism’s focus need to be changed – from short-term stock prices, valuing profits over people, and costs deferred to future generations – to some more alluring system if this system exists.

I personally believe that anything we will do to reign on Capitalism will stifle the wonders that it produces. I also believe that the so-called “problems of capitalism” are not from capitalism itself, but from attempts to “improve” on the free market in an attempt to better some particular interest group by redistribution from some other lesser interest group, at the point of a gun.

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