Why is Capitalism in Crisis?

The problems of capitalism are structural in nature. CEOs remain focused on quarterly earnings reports and with pumping up share prices. Jeffrey Garten, dean of the Yale school of management, says, "it would be an important turn of events if the administration and business leaders took a longer and broader view of the policies that would stimulate economic growth and strengthen our free market system." But Garten concedes this is unlikely to happen any time soon. Andrew Bernstein and the editors of the Wall Street Journal would do well to dust off their Schumpeter to find out why.
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