Capitalism of the future
International Journal of Commerce and Management
ISSN: 1056-9219
Article publication date: 23 November 2012
Abstract
Purpose
Since the fall of international communism, there has been a growing interest and a lively discussion on the shape and future of economic systems. Also, global economic crisis has rekindled the debate about the fate of capitalism. The purpose of this paper is to explore various aspects of these issues. It suggests a future for economic activities that combines the humanistic features of socialism and the practicality, functionality and efficiency of capitalism.
Design/methodology/approach
The paper uses a logical discussion of the present situation and understanding about the topic and extrapolates them into the future.
Findings
Offering a new perspective on the topic, the paper suggests the development of a form of capitalism that is more compassionate and humane.
Originality/value
The paper offers a new perspective on capitalism that challenges attention to efficiency‐focused criterion at the expense of other possible criteria.
Keywords
Citation
Fatehi, K. and Baimuratov, U. (2012), "Capitalism of the future", International Journal of Commerce and Management, Vol. 22 No. 4, pp. 328-337. https://doi.org/10.1108/10569211211284511
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited