Capitalism is relocating to new centers in China, India, Brazil, etc. In its old centers, e.g., the US, economic prospects darken. Middle and lower incomes stagnate. Multinational businesses and those they enrich force governments to lower taxes on them and then either raise personal taxes, cut public services or both. Severe decline results (Detroit, Greece, etc) punctuated by severe cyclical downturns. But alternatives exist. Changing the organization of our enterprises offers a way to a far better future.
Click here to stream video.