Posts Tagged ‘Hayek’


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Capitalism: Doomed To Fail?


Sunday December 18th, 2011   •   Posted by Emily Skarbek at 7:22am PST   •   9 Comments

Over at Project Syndicate, Kenneth Rogoff answers the question: “Is Modern Capitalism Sustainable?” Rogoff starts by saying that if what you mean by capitalism is the European model of a welfare state, the answer is no. Continental European capitalism, which combines generous health and social benefits with reasonable working hours, long vacation periods, early…
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