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Getting back to real capitalism - 16 December 2011

on Fri, 12/16/2011 - 16:40

Jesse Norman writes about his new paper The Case for Real Capitalism for Conservative Home.

 

The US economy is stagnating. The Eurozone is in turmoil. The UK may be dragged back into recession. The present crisis is not a mere economic downturn, but a fundamental loss of value, caused by excessive financial speculation and foolish political decision-making over decades. 

 

Nevertheless, we must never forget that capitalism is the greatest tool of economic development and social advance ever known. Korea used to be one country.