You could see that in London in late May, at a conference on “Inclusive Capitalism.” In the graceful, gilded rooms of the Guildhall, the historic seat of the City, one of the world’s two centers of finance, international investors controlling $30 trillion worth of asset–one third of the global total—gathered to discuss, as Paul Polman, the CEO of Unilever, put it, “the capitalist threat to capitalism.”
Capitalism, Polman and Lynn Forester de Rothschild, the conference’s organizer, wrote in an introductory essay, “has often proved dysfunctional in important ways. It often encourages shortsightedness, contributes to wide disparities between the rich and the poor, and tolerates the reckless treatment of environmental capital. If these costs cannot be controlled, support for capitalism may disappear.”
And be replaced with what? Pervasive authoritarian tyranny?
I’m sure these bozos figure they’ll still be in charge, so why not?