Marketplace®

Daily business news and economic stories
Episode 61May 2, 2018

Is capitalism obsolete?

Writer Umair Haque says the system isn't equipped to address big issues like financial inequality.

Download
People walk along the sidewalk in the rain on Christmas Eve on December 24, 2014, in New York City.
People walk along the sidewalk in the rain on Christmas Eve on December 24, 2014, in New York City.
Andrew Burton/Getty Images

Subscribe:

Make Me Smart often asks if capitalism is working for enough people. But writer and capital-t Thinker Umair Haque is taking it a step further, asking if capitalism might be altogether obsolete. He notes it’s ill equipped to address huge, pressing issues like climate change and financial inequality. And if the economy is technically growing — if we’re wealthier on paper — but people’s lives aren’t actually better, then where are we? We’ll go deep on this stuff with him. But first, some news we’re fixated on this week, like how a Sprint and T-Mobile merger might affect all of us, and a brief history of the Gs, leading up to 5G.

Subscribe to “Make Me Smart”

Is capitalism obsolete?