"For the first time since 1917, then, we live in a world in which property rights and free markets are viewed as fundamental principles, not grudging expedients; where the unpleasant aspects of a market system—inequality, unemployment, injustice—are accepted as facts of life. As in the Victorian era, capitalism is secure not only because of its successes—which, as we will see in a moment, have been very real—but because nobody has a plausible alternative. This situation will not last forever. Surely there will be other ideologies, other dreams; and they will emerge sooner rather than later if the current economic crisis persists and deepens. But for now capitalism rules the world unchallenged."
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Academics from the United StatesEssayists from the United StatesColumnists from the United StatesBloggers from the United StatesEconomists from the United States
Original Language: English
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Chap. 1 : “The Central Problem Has Been Solved”
https://en.wikiquote.org/wiki/Paul_Krugman
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Paul Krugman
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