3min chapter

TED Business cover image

What capitalism gets right -- and governments get wrong | Katherine Mangu-Ward

TED Business

CHAPTER

The Greatest Hits of Capitalism

Before the rise of modern capitalism, it absolutely sucked to be weird. A best-case scenario, a new idea ended up kind of dying on the vine. High-functioning capitalism is characterized by a tremendous amount of corporate failure. Most new ideas are bad. There's a reason people haven't done it before.

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