What capitalism gets right -- and governments get wrong | Katherine Mangu-Ward
TED Business
00:00
We Are Rich, but We Do Still Have Problems
Facebook is going to end up avoiding regulation by shrinking, but unfortunately it's going to take its competitors with it. This is a classic example of politicians being lagging, not leading indicators. We are rich thanks to two centuries of global capitalism, but we do still have problems. As a great sage once observed, Mo Money may in fact correlate with Mo problems. The way forward is to figure out what the public and private sector can each do best and help them stay in their lane.
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