Simon Johnson, “Saving Capitalism from Economics 101” Markets can be a force for good, but are also highly susceptible to abusive practices, including on the part of prominent private-sector individuals. One core problem is that market incentives reward self-interested private behavior, without accounting for social benefits or costs. This is central to current policy debates, including important new US legislation that has just been put forward. According to Johnson, this Accountable Capitalism Act would greatly enhance the legitimacy of capitalism. (reads in 5-6 min).
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