Philosophy for our times: cutting edge debates and talks from the world's leading thinkers
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Pippa Malmgren
The PitchCapitalism works, but we need more competition -
Robert Wade
The PitchCapitalism can only work if it has more controls imposed on it -
Pnina Werbner
The PitchWe need a new compassionate capitalism -
The Debate
Theme OneIs capitalism failing? -
The Debate
Theme TwoBoom and bust -
The Debate
Theme ThreeAlternatives to capitalism
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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