Home > Great Britain > Zakaria: A Capitalist Manifesto.

Zakaria: A Capitalist Manifesto.


Capitalism
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...
Image via Wikipedia

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.

Reblog this post [with Zemanta]
Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: