Capitalism Is A Way Of Organizing An Video
Richard Wolff on the Ignorance of Equating the Market with Capitalism Capitalism Is A Way Of Organizing AnWith or against Marx?
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The free-market economy is one of the most important reasons for the wealth creation and improved quality of life humanity has enjoyed in recent generations. Now the global average is higher In China and India alone, more than 1. None of this could have been done without economic growth.
An opportunity for positive change
And that is what free-market-oriented economies, in their many different varieties, have delivered better than the alternatives. And yet, there is palpable anger and distrust with the idea of capitalism and the role of business in many societies.
One such indicator is increased political polarization in many countries, even in well-established democracies. Economic issues are often—and perhaps always—a source of such discontent.
Another indicator is the most recent Edelman Trust Barometer. Edelman Holdings, January 19,edelman.
Works Cited
Published in January, shortly before the COVID pandemic changed the world, the report includes a survey of 34, people of which 56 percent believed that capitalism was doing more harm than good globally, with majorities in 22 of 28 markets surveyed. Ninety-two percent of respondents said that companies more info be speaking out on issues such as training, automation, and immigration, with 74 percent pointing to CEOs to take the lead.
With the onset of COVID and the wealth of information available, even those who would like to stay out of the action will find that, more and more, their employees and customers are demanding otherwise.]
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