Andrew Gamble speaking at The London School of Economics July 2009
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
See what people said on Twitter: #RSAMaonomics
Luigi Zingales of the University of Chicago and author of A Capitalism for the People talks with EconTalk host Russ Roberts about the ideas in his book. Zingales argues that the financial sector has used its political power to enhance the size of the sector and the compensations executives receive. This is symptomatic of a larger problem where special interests steer resources and favors based on their political influence. Zingales argues for a capitalism for the people rather than a capitalism for cronies or the politically powerful. The conversation concludes with a plea by Zingales to his fellow economists to speak out against behavior that is legal but immoral—lobbying Congress for special treatment that exploits others to benefit one’s own industry, for example.