The future of capitalism

Kalle Moene,  Ragnar Torvik

Time slot Wednesday: 13:50 -16:00

The future of capitalism

In 1943, the conservative economist Joseph Schumpeter asked, “Can capitalism survive?” and replied, “No, I don’t think it can.” Ragnar Torvik and Kalle Moene will answer this classic question in a little less bombastic way. They will debate capitalism’s future by addressing the links between inequality, environment and democracy. They will discuss good and bad aspects of the system, including what threatens capitalism and what capitalism threatens. How do innovation, technological change and inequality interact? Can the dynamism of capitalism be combined with social security? Does capitalism lead to bureaucracy and stagnation or to sustained growth with persistent inequality? Or can we have capitalism with essentially zero growth? Can concentrated wealth and a functioning democracy coexist? Can a country have equality in a world that is characterized by increasing inequality?​

Ragnar Torvik Photo: Therese Lee Støver
Professor of economics
Karl Ove Moene Photo: UIO
Professor
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