Economy

The Toronto Star : Richard Florida: Saving capitalism from itself

By May 17, 2013No Comments

You don’t have to be a Marxist to wonder if capitalism has run its course. Though the stock market is soaring the economic recovery is jobless, millions remain un- or underemployed, and the economies of the world are mired in slow growth. At the same time, the gap between the rich and the poor is wider that it’s been in more than a century.Before we can treat capitalism’s symptoms, we have to understand its disease. We are in the midst of the greatest, most thorough economic transformation in all of history.

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