Capitalism needs a purpose

Alfie Stirling writes for International Politics and Society about how the biggest problem with capitalism is a dependency on increased spending:

“This summer will mark 10 years since the most important economic event in modern peacetime history. The 2007/​08 financial crisis rocked the whole global economy, with annual world GDP contracting for the first time since World War II. Since then, almost every major economy has experienced one of the slowest recoveries on record.”

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