All in Capitalism
Therefore, it’s never “only the private sector should be in business” or “the government should always intervene in business”. Reality is far more complex and there are certainly pockets of market failures where the government does have a more direct role in economic activities.
THE TWO MAIN PROBLEMS WITH “STAKEHOLDER CAPITALISM” IS ITS PLACEMENT OF THE COMPANY AS “TRUSTEES OF SOCIETY” AND “THE BEST RESPONSE” TO TODAY’S MULTI-FACETED CHALLENGES. GENEROSITY IS NOT JUSTICE.
Thanksgiving is essentially camaraderie, goodwill, gratitude and a sumptuous dinner, all packed in one. The very next day, all of this just basically gets blown to smithereens.
“Does Culture Affect Economic Outcomes?” To be a bit more specific, given that we are now in the holy month of Ramadan, I would like to narrow this discussion down to the role of religion in economic growth.
Highly paid foreign workers (interchangeable with expatriates) do not consume the same things that the median Malaysian consumes.
Inequality is typically a symptom of something else at work. Rather than lambast inequality for inequality’s sake, we should take great care in finding out how that inequality came to be.
The ‘Sharing Economy’ is not something new, nor is it correctly labelled. Rather, the ‘Sharing Economy’ is actually just the creation of new markets for goods and services that hitherto did not have markets.
after the subprime crisis in the United States and the ongoing Eurozone crisis, questions have been raised on the efficacy and value of capitalism as the world’s economic system.