I don’t think Thomas More was 100% serious when he wrote his book about Utopia. In fact, he describes the book as “a truly golden little book, no less beneficial than entertaining”. And entertaining it is indeed. It’s funny that we’re still today using his word to describe a system we think is ideal, or even too good to be true. When reading More’s description with 21st century eyes, one might think that he’s actually describing a dystopia rather than a paradise.
Read MoreHow to fix capitalism according to Rebecca Henderson
Like any other economic and political system, capitalism is frequently the subject of debate and criticism. Strong proponents of capitalism typically point out that it’s been far more successful in producing prosperity and well-being than any other system we’ve had on offer. However, even the biggest fans of capitalism tend to agree that capitalism has come off its rails and corrective action is needed in order to get it back on track. This was the topic in the latest episode of the Exponential View Podcast, where host Azeem Azhar and Harvard Business School professor Rebecca Henderson discuss capitalism.
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