ISMAIL LAGARDIEN: Capitalism needs to evolve or die
Some economists call for a remodelling of the economic system that has lifted hundreds of millions out of poverty, but at a high cost
24 July 2019 - 05:04
We have moved, within a decade, or so, from “capitalism is in a terminal crisis”, to “how do we save capitalism from itself?” This is either the last kick of a dying horse, or there is a distinct possibility that capitalism will be “saved”.
As I may have mentioned previously, I am not so sure that capitalism will die anytime soon. At the edge of fantasy, I would venture to say that the wealthiest and most powerful capitalists would force capitalism underground, so to speak. Think shadow banking or offshore accounts in privately owned islands...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.