1.4

RENOUNCING CAPITALISM'S DANGEROUS CONCEITS

As you can probably tell, I'm a capitalist by conviction and profession. I believe the best economic system is one that rewards entrepreneurship and risk taking, maximizes customer choice, relies on markets to allocate scarce resources, and minimizes the regulatory burden on business. If there's a better recipe for creating prosperity I haven't seen it.

So why do fewer than four out of ten consumers in the developed world believe that large corporations make a “somewhat” or “generally” positive contribution to society? (This according to a 2007 study by McKinsey & Company.1) Why is it, in a 2010 Gallup survey, that only 19% of Americans told pollsters that they had “quite a lot” or a “great deal” ...

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