The Future of CapitalismMonday, April 30, 2012
11:00 AM - 12:00 PM
Niall Ferguson, Laurence A. Tisch Professor of History, Harvard University; Senior Fellow, Hoover Institution
Ana Palacio, Member, Spanish Council of State; former Minister of Foreign Affairs, Spain
Peter Passell, Senior Fellow, Milken Institute; Editor, The Milken Institute Review
Raghuram Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, University of Chicago Booth School of Business
After the Soviet Union collapsed and China scrapped socialism, the triumph of free-market capitalism seemed assured. But a host of global trends - from greater financial market instability and rising income inequality to uncontained climate change - are challenging the established wisdom that capitalism is self-sustaining. Meanwhile convergence between mature industrial economies and rapidly growing emerging economies may well diffuse global power in ways that make it more difficult to manage systemic risks. This panel will discuss capitalism's prospects and consider policies that would preserve the efficiency-enhancing benefits of free markets while moderating the risk of self-destruction.