HomeSocialGlobal capitalism remains the foundation of future prosperity

Global capitalism remains the foundation of future prosperity

Martin Wolf

The World Economic Forum in Davos has long been a rallying point and cheerleader for global capitalism. But, some would say, the cause is dead. The Russian oligarchs are not there. Despite the presence of some Chinese business leaders, their wings were clipped at home and abroad. The global financial crisis, COVID-19, rising nationalism, deteriorating US-China relations, and the war in Ukraine have all made the global business environment worse.

At the end of the day, capitalism is global because opportunity is global. Beyond the borders, there are…

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