tag:blogger.com,1999:blog-4345040556523610998.post3855419083575985075..comments2023-01-07T07:03:03.082-05:00Comments on Points of Inflection: EconomicsAnonymoushttp://www.blogger.com/profile/08821678105140354829noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4345040556523610998.post-34532988523292930642011-12-10T09:31:41.000-05:002011-12-10T09:31:41.000-05:00In this article, Kenneth Rogoff, Professor of Eco...In <a href="http://tinyurl.com/cb39qwj" rel="nofollow">this article,</a> Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University, and formerly chief economist at the IMF, asks, "Is modern capitalism sustainable?" According to him, modern capitalist economies "fail to price public goods effectively", produce "extraordinary levels of inequality", "systematically undervalue the welfare of unborn generations", and market mechanisms fail when applied to healthcare and create repeated financial crises. Quite an indictment. Nonetheless, he asserts, "The truth of the matter is that, for now at least, the only serious alternatives to today's dominant Anglo-American paradigm are other forms of capitalism."John Roehttps://www.blogger.com/profile/09911318392839061126noreply@blogger.com