Paul Collier on the Malfunctions of Capitalism

“Capitalism creates divided societies in which many people lead lives marked by existential fears. Nevertheless, it is the only economic system capable of generating mass prosperity. The events of the recent past are not inherent to capitalism per se; rather, they represent a harmful malfunction that must be corrected.”

– Paul Collier in his book “Social Capitalism! – My Manifesto Against the Decay of Our Society”, Siedler Verlag, page 275