Season 1 · Episode 335
An end to capitalism?
Has laissez faire capitalism had its day? If so what could replace it? Should we look back to the seventies?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
January 25, 202335m 52s
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Show Notes
It would be a bold prediction to say that capitalism is on the way out. Nor should it be. It has provided growth and innovation for the global economy, but has it become too laissez faire? Phil asks Steve whether we need to return to the mixed-economy many of us grew up with – when governments controlled large essential sectors, such as transport and utilities, and imposed tighter regulations on those sectors open to private sector involvement. Are we seeing how unfettered capitalism creates more problems, even before we consider the impact it is having on the consumption of the planet’s resources?
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