A quickie from Richard Murphy on capitalism:
Yes, I can.
But it would distinguish the return to enterprise from that to capital. And it would restrict the abuse of rentiers. And it would be based on transparency and full taxation of the externalities that an activity imposes on society, including those that limited liability creates for others.
I definitely have a problem with some forms [of] capitalism. In fact, I have problems with pretty much every form tried to date and most especially the neo-feudal form that outsources risk to the state whilst capturing reward for the few that is now in vogue.
So I can imagine a capitalism I could live with. But it sure as heck is not this one.
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