February 22, 2012

Is Capitalism Bankrupt?

With a worldwide financial crisis and an outraged 99 per cent, we ask if the dominant economic system is a bust

The world is a largely capitalistic economy - one that even communist China is embracing.

Capitalism is often celebrated as the panacea for the world’s financial problems but in this episode, Counting the Cost looks at how the system is open to abuse, corruption and could benefit from taking a page out of the experiences of emerging economies.

Kamahl Santamaria speaks to Mark Weisbrot from the Centre for Economic and Policy Research; Bryan Caplan, an adjunct scholar at the Cato Institute in Fairfax; and Loretta Napoleoni, the author of Maonimcs: Why Chinese Communists Make Better Capitalists Than We Do.

(Source: anticapitalist)

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