How to save global capitalism from itself
Written by leading world economist and the former governor of the Reserve Bank of India. "There is an alternative embraced by countries like Canada: to celebrate culture within community rather than attempting an impossible national homogeneity. Some communities will choose monoculture, while others will choose multicultural lifestyles." Raghuram Rajan, writing in Foreign Policy, looks at why sustainable capitalism needs to consider societal underpinnings and not just rely on competitive markets.
From Foreign Policy