I n a speech on Nov. 11, 1947, Sir Winston Churchill reminded the UK's House of Commons that ' democracy is the worst form of government, except for all those others that have been tried.' In a similar fashion, capitalism is the worst economic system , except for all the others . — Matt Barnes, 2014. There is no alternative [to neoliberalism] — Margaret Thatcher, 1980s. *** It's often said that, for any flaws, capitalism is better than any economic system we might replace it with. Its most enthusiastic supporters claim the advances in human living standards since the industrial era can be attributed to capitalism, a claim which pervades popular culture . At the less enthusiastic end, capitalism is viewed as a problematic and flawed system, but when contrasted with the nominally socialist states of the 20th century, most commonly Soviet Russia, it is considered to have been the b...
Ideas on shaping the world we want to see.