Reports on competition See all

British Prime Minister Margaret Thatcher and Soviet leader Mikhail Gorbachev at a press conference in 1987

Reforming capitalism: A fight built on envy

It has become common to blame capitalism for climate change and wealth inequality. However, the premises underlying the debate around the issue are profoundly misguided – the current system is far from aligned with free-market prescriptions. But despite their skewed view of reality, advocates of government intervention are likely to appeal to increasingly large audiences.

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