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Capitalism beyond the Crossroads

In: ENTRUSTED Stewardship for Responsible Wealth Creation

Author

Listed:
  • BOON HWEE ONG
  • MARK GOYDER

Abstract

Dissatisfaction with capitalism abounds. This has prompted a search for radical solutions in Europe, the US and elsewhere in the world. Festering mistrust in business and a growing perceived gap between the haves and the have-nots have helped to fuel a particular feeling that “the system” is not working for those who have missed out or are missed out. In a 2018 survey, 45 per cent of Americans under twenty-nine described themselves as being positive about capitalism while 51 per cent said they were positive about socialism. According to the pollster Gallup, this represented a twelve point decline in young adults’ positive views about capitalism in just two years and a marked shift since 2010, when 68 per cent viewed it positively…

Suggested Citation

  • Boon Hwee Ong & Mark Goyder, 2019. "Capitalism beyond the Crossroads," World Scientific Book Chapters, in: ENTRUSTED Stewardship for Responsible Wealth Creation, chapter 8, pages 183-207, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811207570_0008
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    More about this item

    Keywords

    Stewardship; Wealth Management; Business; Investment; Entrepreneurs; Wealth Creation; Management;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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