The Paradox of Capitalism

The paradox of capitalism is that unless it is buttressed by collective and social institutions that share and distribute risk fairly, provide a social contract for its people and generate opportunity, it degenerates into what we are living through – business leaders preoccupied with their own remuneration, consumers frightened to spend, sectors such as banking bloated by vast, hidden subsidies and a poverty of innovation and investment. Will Hutton 04.12.11

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