Capitalism: The Future of the System that Rules the World

Capitalism now dominates as the major, if not sole, economic system globally. What will it mean for delivering a more equitable social and economic world? This SDG will explore Branco Milanovic's thesis that Capitalism has triumphed because it works--it has delivered more prosperity to more people and gratifies human desires for autonomy, but at a moral price --instablility, inequality, corruption and excess. He examines the shift leading to Capitalism's dominance and examines the varieties of Capitalist systems (classical, liberal-meritocratic, and political). He then proposes a set of economic and social policies to consider for moving toward a People's Capitalism to address today's crises of increasing inequality and political conflict. In this SDG, we will assess his thesis, review critiques of the current state of capitalism and his prescriptions for its future.