Tuesday 31 March 2009

Post-post modern Capitalism - the new capitalism?

I cannot see how we can cyclically return to the capitalism enjoyed in the eighties and nineties once we are out of this current mess, however long that might take. Boom, following bust, following boom, following bust cannot be an acceptable way for current Capitalism to continue. Not only does the instability lead to extreme poverty and extreme wealth, it's getting a bit dull for me. There must be another way that works better?

I do not believe that a lefty ideal of an equilibrium between all could exist either. Too much of a social divide has been spawned from the capitalism we have all enjoyed for the past twenty to thirty years for this to form any part of a new economic model. Of course, one must not forget the rise of 'The Celebrity'. Get rich, and die trying. Although I am still not sure how 'Celebrity' figures in any economic model?!



With the G20 summit about to take place, it will be interesting to see what solutions might be introduced to change how capitalism has worked, or failed in the past few decades, and whether these measures will be acceptable to all.

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