One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.
Jim StanfordCapitalism, in contrast, has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed for two minutes.
Jim StanfordEveryone has an interest in the economy: in how it functions, how well it functions, and in whose interests it functions.
Jim Stanford