Capitalism: Broken, or A System Unfairly 'Gamed'?

Tuesday, October 18, 2011

Many of the protesters currently occupying American cities and engaging in actions around the world are angry at what they say are the worst offenders — companies and people taking unfair financial advantage in a capitalist system. Some argue that capitalism is broken, but is that true, or is it just that some are "gaming" the system? Dean of the Rotman School of Management at Toronto University Roger Martin thinks it may be the latter.   

Author of "Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL," Martin argues that an economy based on "real goods" rather than risky futures trading and other financial instruments, is the key to stable capitalism.  

Guests:

Roger Martin

Produced by:

Mythili Rao

Comments [8]

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Louise from Denver

Martin hits the mark. Every day the media bleats out the DJIA and NASDAQ stats, as if they represent the economy. In fact, they represent investment gambles, and not the real state of small business. Why else would averages have bounced back from 2008 lows to well over 11,000 when so many consumers have cut back on purchases? Failure to distribute wealth by serving customers has created this obscene bubble. Corporate greed on behalf of stockholders is destroying our free-market economy.

Oct. 18 2011 03:14 PM

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