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Imagining a world without capitalism – Financial News

Summary:
Anti-capitalists had a miserable year. But so did capitalism. While the defeat of Jeremy Corbyn’s Labour party in the UK this month threatened the radical left’s momentum, particularly in the US, where the presidential primaries loom, capitalism found itself under fire from some unexpected quarters. Billionaires, CEOs, and even the financial press have joined intellectuals and community leaders in a symphony of laments about rentier capitalism’s brutality, crassness, and unsustainability. “Business cannot continue as usual,” seems to be a widespread sentiment even in the boardrooms of the most powerful corporations. Increasingly stressed and justifiably guilt-ridden, the ultra-rich – or those with any

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An accidental economist Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. But let’s take things one at a time.

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