Our society and the capitalist market economy have failed to create well-being for many. Big parts of humanity are as poor today as they were fifty years ago, despite unprecedented growth. Gaps between the rich and poor are abnormal and growing. In addition, the economic system, supposedly managing itself through the "invisible hand," is in constant need of corrections and controls, because it doesn't work as it is supposed to. The failures of the industrial capitalist society are not booms and busts or inflation; they are mere symptoms of underlying conflicts. The real failure is that it...
Our society and the capitalist market economy have failed to create well-being for many. Big parts of humanity are as poor today as they were fifty ye...