Summary of Capitalism 4.0

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Rating

9 Overall

8 Importance

9 Innovation

8 Style

Recommendation

Capitalism is dead; long live capitalism. That’s the central tenet of veteran business journalist Anatole Kaletsky’s instructive, perceptive tome. Global capitalism has served humanity pretty well over the centuries, and it has survived by changing with the times. The aftermath of the 2008 financial crisis and the near collapse of the world’s financial system demand a major revamp of free market thinking. The new version, which Kaletsky posits as the fourth in capitalism’s history, will take its lessons from the past and adapt them to harness market forces in the 21st century. getAbstract recommends his thorough recap of what’s happened and his vision of what probably will happen – including economic recovery – to all those looking for a cogent handle on the economic future.

In this summary, you will learn

  • How the four phases of capitalism have evolved so far,
  • How a confluence of cycles and trends led to the 2008 financial crisis,
  • How misguided economic philosophies nearly destroyed the financial system and
  • Why the world needs “Capitalism 4.0.”
 

About the Author

Anatole Kaletsky, a veteran financial journalist, is editor at large for The Times (of London) and has written for The Economist and the Financial Times.

 

Summary

Inflection Point
The 2008 financial crisis didn’t destroy capitalism, as many predicted. But it did destroy an economic way of thinking that had reigned for 30 years: the blind adherence to the theories of free, rational and self-regulating markets. The traumas following Lehman Brothers...

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Contained in Knowledge Pack:

  • Knowledge Pack
    Finance RX
    A bitter pill for global financial systems to swallow to avoid a relapse of the 2008 contagion

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