Capitalism as Political Philosophy

Interesting read — in this article (Can we save American capitalism?) – author notes

  • Allen Metzler says “capitalism’s secret is how well it disperses political and economic power”
  • Roger Martin, dean of the Rotman School of Management at the University of Toronto – corporations performing for the expectations of the stock market ignore information from the real market – thus missing long term innovations and gains in value
  • Adam Smith “would readily acknowledge that a capitalist system forfeits not only its economic rationale but its moral justification if all its benefits are captured by a tiny slice at the top of society”

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