The Financial Foundations of Capitalism and Widely-Shared Wealth

Sissoko, Carolyn

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The Financial Foundations of Capitalism and Widely-Shared Wealth

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Sissoko, C. (2022). The Financial Foundations of Capitalism and Widely-Shared Wealth. Talk presented at Öffentlicher Vortrag am MPIfG. Köln. 2022-01-26.

Cite as: https://hdl.handle.net/21.11116/0000-000A-91D4-2

Abstract

Is capitalism a remarkable mechanism for growing a society with widely shared wealth, or is it a tool for transferring wealth to a select few? In her talk, Carolyn Sissoko suggests that it is both, and that our current economic structure is post-capitalist.

More importantly, she argues that a careful history of capitalism can tell us what financial and legal infrastructure is necessary in order for a society to promote widely shared wealth. The challenges then are political and environmental: Is there the political will to put this infrastructure into place on a global scale? And is it possible to design this infrastructure so that it does not worsen the climate crisis?