What capitalism gets right -- and governments get wrong | Katherine Mangu-Ward
Sep 2, 2022
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Katherine Mangu-Ward, a journalist known for her advocacy of free markets, argues that unrestrained innovation is crucial for progress. She challenges common criticisms of capitalism, emphasizing how failures are essential to rejuvenate markets. Mangu-Ward analyzes General Motors and Facebook, showing how government intervention often complicates corporate successes. She advocates for a system where creativity flourishes without excessive regulation, suggesting that the 'weirdos' of the market are our best hope for the future.
Is capitalism a good thing? Journalist Katherine Mangu-Ward makes the case that “weirdos” left alone to innovate and explore far-out ideas in a free market system are our best hope for the future. She asks us to reconsider our qualms about capitalism, failure and corporate death, analyzing the recent history of General Motors and Facebook to illustrate why we’re better off with a lot less government intervention.