Michael Roberts — Progressive capitalism–an oxymoron

Summary:
What is Stiglitz’s solution? “Things don’t have to be that way. There is an alternative: progressive capitalism. Progressive capitalism is not an oxymoron; we can indeed channel the power of the market to serve society.” You see, it is not capitalism that is the problem but vested interests, especially among monopolists and bankers. The answer is to return to the days of managed capitalism that Stiglitz believes existed in the golden age of the 1950s and 1960s.How are we to return to the golden age of progressive capitalism?…. Michael Roberts Blog Progressive capitalism – an oxymoron Michael Roberts

Topics:
Mike Norman considers the following as important: capitalism, Stiglitz

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