Is Capitalism Failing Us?

Posted: February 1, 2012 in Capitalism, Socio, The People's History
Tags: , , , , ,

Is 20th-century capitalism failing 21st-century society? It’s a question economic elites debated this week in Davos-Klosters, Switzerland while attending the annual World Economic Forum. According to Time Magazine, the #1 theme at the conference is that capitalism needs an overhaul. Time‘s Jim Frederick writes:

“In 200 years, capitalism has already gone through several major iterations. But what, practically speaking, will a global capitalism retooled for the 21st century look like? More regulation? Or less? State Capitalism, like that practiced by China, Russia and many countries in the Middle East? Well, no one has quite figured that one out yet. But a surprising number of attendees (and these are the world’s most direct beneficiaries of the current system) seem to agree that something is wrong. And that in itself is remarkable.”

via Is Capitalism Failing Us? | BillMoyers.com.

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