Redefining Capitalism: Questions on Future and Survival

Author:Paritosh .K. Roopaka* , Ritu Jainb

Abstract:
The current world wide recession has once again shaken the root of capitalism and its long run survival. In the past century, most progressive economists believed that capitalism is the only form of economy that could be more stable and survive forever but the recent trends and trauma in most economies have changed the notions of economists, policy makers and the governments. This paper gives an insight into the root cause of economic and societal problems generated due to failures of premises of capitalism. It further tries to suggest the ways and the changes that can help to overcome the problems and making capitalism more meaningful and stable in the present socio-economic conditions and making it more efficient.

Keywords:Keywords: Capitalism, Socio-economic conditions, neoliberals.

DOI:

International Journal of Trade & Commerce (Vol: 2 Issue:1)