With the advent of the deep recession we have just experienced, there has been a resurgence of the theme that capitalism has failed and is dead or at least. The discussion around this topic has caused me to re-think Capitalism and in particular to wonder what makes Capitalism work.
One explanation both for the success of Capitalism and it’s failures is that Capitalism is founded on greed, the most predictable of human shortcomings. But is this really true? (continue reading…)