Our capitalist system is in crisis — here’s how we can reboot it

(This article was published by City AM)


Capitalism and the market economy are in trouble.

As the benefits of our capitalist system accrue to the already wealthy while a huge swathe of the population continues to struggle, many are questioning whether inequality is built into the current system — which therefore needs overthrowing with statist intervention. 

Others cling on to their ideological faith — blind to any sort of evidence — that markets, left to their own devices, will sort everything out, eventually.

Both belief systems represent a triumph of dogma over reality; bone-headed ideology crowding out the development of the creative solutions we need to explore.

Yet there are ways we can tackle these challenges, by taking new approaches to business and to the economy that allow everyone involved to share in the prosperity created.

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