The Future of Capitalism - Questions and Panel Summing up KCL Oct 2009
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@cameronmichaelkeys microfinance has failed big time, it is now clear to all the informed scholars, in most cases it has been attempted. It has been the leitmotiv of the last 15 years, now its completely discredited. Then, capitalism based on forced reinvestment with no dividends is impossible, for that it coherce private individuals to invest, and this is not compatible to the very simple economic logic of the system. Yunus is naive, poor countries need high investment rates, not microfinance.
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I'm also excited about Muhammad Yunus' social business thinking. Yunus is claiming that for-profit, non-dividend companies are the future of capitalism and social engineering. Very interesting.
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why is the camera so shaky? Especially when Wolf speaks? That's too bad.
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How bad is Dave Sewell's voice!
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I always appreciate your videos. Thank you from Boston.
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Most sensible and clear speaker is Chris Harman (3rd speaker). Terrible loss that he died suddenly 3 days ago. He will be missed very greatly.
richiep100 2 years ago 8
Martin is one hundred percent right. I don't think he will give what he has up, or his position in the capitalist racket. I'm sure he is motivated to keep it too. But I am more than willing to take it from him, because after all what he has he has not worked for, his power is not democratic and in the final analysis he is a fetter on progress and it is his class which represents the fullest reactionary elements of our society.
ButherLi55ett 1 year ago 2