Monday, January 23, 2012

‘Does Capitalism Have a Future?’

By Philip Pilkington, a journalist and writer living in Dublin, Ireland

The Financial Times recently ran a series on the future of capitalism. The FT is usually an excellent publication – but the series came up seriously lacking.

The lack arises because of the question posed. During the Great Depression – indeed, even after WWI – there was a serious alternative to capitalism. During the depression years the Soviet economy, under Stalin’s iron fist, was moving briskly, if brutally toward development and increased growth.

Read more: http://www.nakedcapitalism.com/2012/01/philip-pilkington-%E2%80%98does-capitalism-have-a-future%E2%80%99-%E2%80%93-why-the-financial-times-asks-all-the-wrong-questions-to-avoid-the-real-issues.html

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