Why isn’t capitalism working?
January 9, 2012
Op-ed by: Lawrence Summers, Charles W. Eliot University Professor and member of the Belfer Center Board of Directors
“Americans have traditionally been the most enthusiastic champions of capitalism. Yet a recent American public opinion survey found that just 50 per cent of people had a positive opinion of capitalism while 40 per cent did not. The disillusionment was particularly marked among young people 18-29, African Americans and Hispanics, those with incomes under $30,000 and self-described Democrats.”