Hybrid capitalism

An article in Foreign Policy called Inside Power, Inc. by David Rothkopf has some “wow’ statistics about corporations that dwarf all but biggest governments. It discusses the need to find the sweet spot (prudent regulation, empowering citizens to compete, fostering economic dynamism, and fairness for all) for societal “success.”    The article says we are in a battle between differing forms of capitalism (different relative roles and responsibilities of public and private actors).  It suggests that a more equitable “hybrid” capitalism will be fairer. Not sure about the underlying argument – the comparison of assets and employees to GDP and citizens has always seemed to be a questionable comparison to me (Rothkopf  acknowledges this early in his article and then presses on).

Leave a Reply

Your email address will not be published. Required fields are marked *