Legatum Institute Foundation

As part of the Legatum Institute's 'Morality and Capitalism' series, George Mason University professor, Steven Pearlstein, shared his views on why we may need to re-examine the concept of capitalism and markets. Earlier this year, Professor Pearlstein stirred debate and discussion with a Washington Post commentary piece entitled "Is Capitalism Moral?". While establishing that socialism and communism have been thoroughly discredited since the Cold War, he indicated that stagnant incomes, growing economic inequality, and the recent financial crisis is beginning to force us all to re-examine the functioning of capitalism and markets.