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Zakaria: A Capitalist Manifesto.

I imagine many people, post credit crunch, would be unwilling to accept the idea that Capitalism is good and that greed is good: we have seen where unregulated capitalism can lead us. But given that models of socialism, social democracy and varieties of communism have in the past clearly failed we are now on the horns of a dilemma as economic systems thought to be perfect become imperfect. One simply cannot leave economic fate to invisible hands nor allow greed to grow as it has done and continues to do in the banking sector. It seems Fareed Zakaria, with a degree in political science ventures into the world of economics. He is international editor for Newsweek and a CNN regular presenter. I suppose this book will need to join a growing pile that I will read in the months ahead:

Fareed Zakaria, Editor, Newsweek International...
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Fareed Zakaria, NEWSWEEK: “A specter is haunting the world—the return of capitalism. Over the past six months, politicians, businessmen and pundits have been convinced that we are in the midst of a crisis of capitalism that will require a massive transformation and years of pain to fix. Nothing will ever be the same again. “Another ideological god has failed,” the dean of financial commentators, Martin Wolf, wrote in the Financial Times. Companies will “fundamentally reset” the way they work, said the CEO of General Electric, Jeffrey Immelt. “Capitalism will be different,” said Treasury Secretary Timothy Geithner.

via Zakaria: A Capitalist Manifesto | Newsweek Business | Newsweek.com.

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