Analyzing Capitalism and the Case of Venezuela

Capitalism – what's the story behind the word and a cross cultural survey of peoples attitudes to it. Laurie Taylor talks to Michael Sonenscher, Fellow of Kings College, Cambridge about the evolution of a word which was first coined in France in the early 19th century. How has its meaning changed over time and how can a historical analysis shed light on political problems in the here and now? What’s at stake in our understanding or misunderstanding of the term?

They’re joined by the German sociologist and historian, Rainer Zitelmann, whose latest study argues that many people are buying into myths about Capitalism and includes the largest international survey of attitudes towards our economic system. He finds negative attitudes to be widespread, including in Great Britain, the motherland of Capitalism - only in 12 countries are attitudes more critical. What accounts for this disillusion?

Producer: Jayne Egerton