The Mudcat Café TM
Thread #119265   Message #2585626
Posted By: CarolC
10-Mar-09 - 11:12 AM
Thread Name: BS: Capitalism has outlived its usefullness
Subject: RE: BS: Capitalism has outlived its usefullness
There's different kinds of growth, and not all of them are bad. The old capitalist model was essentially bankrupt, so it had to resort to fraudulent, unethical, and ultimately, unworkable financial "innovations" in order to give the appearance of growth. But it wasn't really growth.

With conscious capitalism, the potential for real growth is astronomical. The new and emerging markets in green technologies, and sustainable goods and services, and in technologies for solving our environmental problems, will provide an enormous engine for growth, and it will be sustainable, socially responsible growth.