"My reaction to “creative capitalism” as lauded by Bill Gates, Warren Buffett, Michael Kinsley, and (somewhat to my surprise), Professor Glaeser of the Harvard Economics Department is a skeptical one. The embrace of massive corporate charity, the criticism of capitalism by its greatest beneficiaries, and the frequent resort by the advocates of “creative capitalism” to platitudes (such as: “the world is getting better, but not fast enough and not for everyone”; “today’s miracles of technology only benefit those who can afford them”; “economic demand is not the same as economic need”), along with the vagueness of the term itself, leave me with an uncomfortable feeling."
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Philosophers from the United StatesLawyers from the United StatesJews from the United StatesJuristsEconomists from the United States
Original Language: English
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"Against Creative Capitalism" (2008), published in Creative Capitalism: A Conversation with Bill Gates, Warren Buffett, and Other Economic Leaders.
https://en.wikiquote.org/wiki/Richard_Posner
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Richard Posner
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