Capitalism 4.0

The Birth of a New Economy in the Aftermath of Crisis

by: Anatole Kaletsky

in: Economics

Summary:

The book explores the transformation of the global economic system following the 2008 financial crisis, arguing that a new version of capitalism is emerging that will be shaped by government intervention, technological innovation, and societal changes. It discusses the interplay between markets and regulation, predicting a more flexible and adaptable economic landscape that will evolve through trial and error in response to future challenges.

Key points:

1. Capitalism Evolves: Kaletsky sees capitalism as dynamic, evolving through versions 1.0 to 3.0 due to economic crises. The 2008 crisis led to Capitalism 4.0, which adapts market and government roles and focuses on regulation.

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