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Mon 08 Aug 2010Capitalism: a gifted starlet in need of a far firmer hand
PASCHAL DONOHOEreviews Capitalism 4.0, The Birth of a New EconomyBy Anatole Kaletsky, Bloomsbury, £20 (€24)
CAPITALISM DOES not break because it bends. This elasticity is ultimately its saviour. Crises are a source of reinvention and reinvigoration, not collapse. When the global economy faces profound challenges, “a new version emerges that is better suited to the changing environment and replaces the previously dominant form”.
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