- Winter 22 (B)
Reexamining Capitalism --- Capitalism, the system that raised the standard of living for millions of people over the past century, is now in crisis. This concern comes, not just from critics outside the market, but from many within it. In the words of Nobel Laureate Joseph Stiglitz, capitalism is in need of being "saved from itself." Former Unilever CEO Paul Polman, called capitalism "a damaged ideology" that "needs to be reinvented for the 21st century." The source of these critiques is the looming specter of systemic failures, both social and environmental, that are caused by the market.