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Gillian Tett and Yanis Varoufakis: Can We Fix Capitalism?
Intelligence Squared
The Gap Between Capitalist Rhetoric and Reality
The speaker, an anthropologist, argues that the current form of capitalism deviates from Adam Smith's original vision. Smith's vision emphasized the importance of competition and trade, but also included the need for free access to markets and prices, an illusion of ownership, and a shared moral and legal foundation. Without these elements, markets struggle to function effectively.
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