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Is capitalism broken? | Guy Standing, Izabella Kaminska, Jamie Whyte, and Steven King

Summary:
Guy Standing, Jamie Whyte, Izabella Kaminska and Stephen King debate if we can save capitalism. Watch the full debate at https://iai.tv/video/is-capitalism-broken-democracy-reform?utm_source=YouTube&utm_medium=description It is just twenty-five years since Fukuyama’s claim, taken seriously at the time, that capitalism and liberal democracy had won, and represented the endpoint of cultural advance. Instead, after a decade of stagnation marked by extremes of wealth and opportunity, it seems that capitalism, far from being victorious, is fundamentally broken. Is capitalism in need of reform, or is a more profound change required to create a fairer and more equal society? Or, despite its flaws, is capitalism still the only reliable driver of improved living standards

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Guy Standing, Jamie Whyte, Izabella Kaminska and Stephen King debate if we can save capitalism.

Watch the full debate at https://iai.tv/video/is-capitalism-broken-democracy-reform?utm_source=YouTube&utm_medium=description

It is just twenty-five years since Fukuyama’s claim, taken seriously at the time, that capitalism and liberal democracy had won, and represented the endpoint of cultural advance. Instead, after a decade of stagnation marked by extremes of wealth and opportunity, it seems that capitalism, far from being victorious, is fundamentally broken.

Is capitalism in need of reform, or is a more profound change required to create a fairer and more equal society? Or, despite its flaws, is capitalism still the only reliable driver of improved living standards from London to Beijing?

#capitalism #economics #debate

Guy Standing is Professorial Research Associate at SOAS University of London, and honorary co-president of the Basic Income Earth Network.

Izabella Kaminska is Editor of FT Alphaville.

Jamie Whyte is a New Zealand classical-liberal academic and politician, previously Leader of ACT New Zealand.

Stephen King is senior economic adviser at HSBC Holdings, where he was previously chief economist.

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Izabella Kaminska
Editor of the Financial Times’ Alphaville blog. Fights for the human.

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