For nearly two centuries, scholars and politicians have debated the future of capitalism. Its critics, most prominent among them Karl Marx, have seen capitalism as intrinsically unstable, full of contradictions that will lead eventually to its collapse. Its supporters see it as the best way to allocate resources and rewards. Some even hint that the democratic capitalistic society is not just a phase in the historical evolution of economic systems but its ultimate end.
We are taking a greater chance of having another crash at a time when the world is less capable of bearing the cost. - Raghuram Rajan
We are taking a greater chance of having another crash at a time when the world is less capable of bearing the cost.
- Raghuram Rajan
Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. Th… - Raghuram Rajan
Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. Th…
Capitalism's biggest political enemies are not the firebrand trade unionists spewing vitriol against the system but the executives in pin-striped sui… - Raghuram Rajan
Capitalism's biggest political enemies are not the firebrand trade unionists spewing vitriol against the system but the executives in pin-striped sui…
When you start cutting government expenditure, at some point you are cutting essential services rather than excessive services. So you have to take i… - Raghuram Rajan
When you start cutting government expenditure, at some point you are cutting essential services rather than excessive services. So you have to take i…
Our actions will be at measured pace given the current market turmoil. - Raghuram Rajan
Our actions will be at measured pace given the current market turmoil.
For nearly two centuries, scholars and politicians have debated the future of capitalism. Its critics, most prominent among them Karl Marx, have seen… - Raghuram Rajan
For nearly two centuries, scholars and politicians have debated the future of capitalism. Its critics, most prominent among them Karl Marx, have seen…
We have to be careful of not injecting more uncertainty than economy can handle - Raghuram Rajan
We have to be careful of not injecting more uncertainty than economy can handle
Let us remember that postponement of tapering is only that-a postponementLet's not lose the chance, the warning that we have been given, because this… - Raghuram Rajan
Let us remember that postponement of tapering is only that-a postponementLet's not lose the chance, the warning that we have been given, because this…
I think the willingness to listen is really a matter of confidence. You can't be so superconfident in your abilities that you ignore what others say,… - Raghuram Rajan
I think the willingness to listen is really a matter of confidence. You can't be so superconfident in your abilities that you ignore what others say,…
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