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Confronting Capitalism by Philip Kotler

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EPILOGUE

Yesterday is gone. Tomorrow has not yet come. We have only today. Let us begin.

—MOTHER TERESA

I wrote Confronting Capitalism: Real Solutions for a Troubled Economic System in order to better understand the role of capitalism in today’s world economy. Capitalism is the chief mode of operation in most of the world’s economies. It promises to lead to better economic performance, innovation, and value creation than any competing system such as communism or fascism. This is not to ignore its major shortcomings. I believe these shortcomings can be addressed with solutions that will improve people’s lives.

The fourteen shortcomings are not independent of each other. They are highly interrelated. The problem of poverty is part of the problem ...

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