Andrew Gamble speaking at The London School of Economics July 2009
A big second look at capitalism. How it’s worked over time. How it hasn’t. And whether it’s run its course.
For decades in the Cold War and before, the American conversation on capitalism was pretty well frozen. What do you want? Capitalism or Joseph Stalin? Capitalism or Cuba? Then the Cold War ended and capitalism got the field pretty much to itself.
Off came the regulations and on came some high times, then, eventually, the crash, the Great Recession. And all kinds of questions.
A new generation of thinkers is looking hard at capitalism again. Where it’s been. What it’s become. How it’s working – or not.
This hour, On Point: a big second look at almighty capitalism.
The President of the Aspen Institute, Walter Isaacson joined by Niall Ferguson, author of The Ascent of Money , Indra Nooyi, Chairman and CEO of PepsiCo, Eric Schmidt, Chief Executive Officer of Google, and Nassim Taleb, scholar of randomness and risk and author of The Black Swan together will examine:
What will the American economic system look like in the months and years ahead?
Who are the innovators currently shaping the future?
What will be the role of business in that future?
The end of the cold war was thought to signal the triumph of Western capitalism over Communism.
In her new book ‘Maonomics: Why Chinese Communists Make Better Capitalists than We Do’, economist and best-selling author Loretta Napoleoni argues just the opposite: what we are witnessing instead is the beginning of the collapse of capitalism and the victory of “communism with a profit motive”.
Loretta Napoleoni visits the RSA to chart the prodigious ascent of the Chinese economic miracle and the parallel course of the West’s ongoing insistence on misconstruing China and its economy even as we acknowledge its growing influence and importance, and the shifting balance of power in the world from West to East.
Speaker: Loretta Napoleoni, economist and author of ‘Maonomics: Why Chinese Communists Make Better Capitalists than We Do’.
Chair: Sean O’Grady, Economics Editor, The Independent
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