Photo by Dirk Pohlers on Unsplash

Is Capitalism Getting Fixed?

“I’ve long been a firm believer in the virtues of the capitalist system across nations… Capitalism has lifted millions out of poverty. It has improved the lives of billions more , and created dynamic and adaptive societies with a plethora of choices and life-changing conveniences… The capitalist system… is still quite fragile [though,] and has led to growing inequalities between segments of our society. Covid-19 has shaken that fragility to the core, and threatens to worsen those inequalities. Millions recently or marginally lifted out of poverty have been pushed back into it, and business slowdown and shutdowns have resulted in job cuts. Basic services such as water, electricity, healthcare, education, dignified housing, and internet connectivity are further out of reach now for large segments of the population. We must find ways to compensate for these wide disparities. All of us who thrive on the successes of capitalism need to have a sense of responsibility and empathy to counteract the forces of inequity that the system also creates .”




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Mike Troiano

Mike Troiano

Venture storyteller, wartime consiglieri, lyrical gangsta. Partner, G20 Ventures, thoughts here are my own.

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