Saturday, December 10, 2011

Capitalism 4.0

"In a potted history that is admirably broad in its reach but annoyingly corny in its nomenclature, Mr Kaletsky describes capitalism’s evolution over the past 200 years, particularly the changing role of government. The managed economies of Capitalism 2.0 were based on a fundamental faith in governments’ ability to solve economic problems. Version 3.0, after the 1970s, romanticised markets and distrusted government. Within each of these broad categories, Mr Kaletsky describes the mini-shifts, Capitalism 2.1, 2.2, etc." http://www.economist.com/node/16536988