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The End of Capitalism:

A new global economics

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This Debate

Pippa Malmgren, Robert Wade, Pnina Werbner. Ed Conway hosts.

Fredric Jameson claimed it was easier to imagine the end of the world than the end of capitalism. Was he right? Can new alternatives to the current paradigm emerge to conquer the world, or is capitalism the only realistic economic system?

The Panel

Economic advisor to Bush Pippa Malmgren, political theorist Robert Wade and anthropologist Pnina Werbner imagine the world's future.

In association with ZED books Critique Influence Change series.

Jump to what you want to see in the debate
  • Pippa Malmgren
    The Pitch
    Capitalism works, but we need more competition
  • Robert Wade
    The Pitch
    Capitalism can only work if it has more controls imposed on it
  • Pnina Werbner
    The Pitch
    We need a new compassionate capitalism
  • The Debate
    Theme One
    Is capitalism failing?
  • The Debate
    Theme Two
    Boom and bust
  • The Debate
    Theme Three
    Alternatives to capitalism
Join the conversation

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Allan Macdougall on 31/07/2014 11:44am

Tabetha, on the one hand you are saying that capitalism is "...the only world order that understands people and what motivates them" - and on the other, you say "...it's about time we focused on improving capitalism".

Do you think that if such an improvement in the understanding of people is required to satisfy your second point, that capitalism can still legitimately be called "capitalism" any longer? If capitalism in its current incarnation is failing, what other "...isms" or "...ologies" would be required to facilitate such improvements in our understanding? Would the occupiers of oak-panelled, top-floor rooms even be open at all to any such changes that detract from a lifestyle to which they have become very accustomed?

Tabetha on 29/07/2014 1:33pm

Pippa is saying everything I've been thinking but have felt too scared to utter out loud. Capitalism may feel cold hearted to some, but it's the only form of world order that actually understands people and what motivates them. All this talk about global social shift in mindset seems more utopian by the minute, it's about time we focussed on improving capitalism, not dethroning it.

Hannah Carter on 24/07/2014 2:32pm

Robert's idea that, in times of crisis, we should shift the pressure from failing countries to more successful ones is an intriguing one. From a purely rational point of view it makes sense, countries with a surplus should be incentivised/coerced into down spending the surplus by importing more from failing countries. This is a radical shift from the austerity measures currently forced upon failing countires to try to get out of a dip. Could it work though? On a global scale I cannot see it even being suggested. Within large supranational unions though? Food for thought.

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