Categorie
Capitalism

Wither Capitalism? (Yaroslav Lissovolik, Valdai Discussion Club)

There may have been doubts in the efficiency of the current market system after the 2008 global financial crisis. The scale of excessive debt on the corporate and sovereign balance-sheets in the developed world, the lack of transparency at the micro-level of companies and the macro-level of countries’ fiscal policies called into question the virtues of the market system. And then came the pandemic and took the scale of doubts to a whole new level.

Wither Capitalism? — Valdai Club