Are there alternatives to Capitalism?

The video explores the current state of capitalism, questioning its viability and discussing potential alternatives. Panelists, including Paul Krugman and Alex Kalinikos, debate capitalism's impact on growth, justice, and economic structures. They examine the concept of capitalism, its challenges, and whether it remains the only viable economic system. The discussion also touches on secular stagnation, profitability issues, and the role of markets and private property.

What is the main theme of the discussion introduced in the beginning?

• The history of economic systems

• The role of technology in economics

• The dominance of socialism

• The absolute reign of capitalism and its alternatives

According to Alex Kalinikos, what is a major issue with capitalism?

• Lack of government intervention

• Overpopulation

• Rapid technological advancement

• Secular stagnation and intrinsic crises

What does Alex Kalinikos believe about the crises in capitalism?

• They are a result of technological advancements

• They are caused by external factors

• They are intrinsic to the system

• They are temporary and easily fixed

What does Steven Doral believe has been a result of capitalism?

• Unprecedented growth and improved living standards

• Increased poverty

• Environmental degradation

• Political instability

What are the two principles Steven Doral identifies as fundamental to capitalism?

• Social welfare and equality

• Technological innovation and globalization

• Private property and active markets

• Government control and public ownership

What does Steven Doral suggest about the debate in a capitalist economy?

• It should focus on technological innovation

• It should balance collective and individual decision-making

• It should eliminate private property

• It should prioritize environmental concerns

Why do economists rarely use the term 'capitalism' according to Paul Krugman?

• It is politically charged

• It is too simplistic

• It has complex associations

• It is outdated

What does Paul Krugman suggest about the role of markets in modern economies?

• They are the sole determinant of wealth

• They are irrelevant

• They are part of a complex system

• They are completely free and unregulated

What is a key point discussed in the conclusion of the video?

• The inevitability of socialism

• The end of economic growth

• The potential for alternative economic systems

• The dominance of technology in economics

What does the panel debate about the current economic system?

• The role of technology in the system

• If significant changes are necessary or feasible

• The impact of climate change on the system

• Whether it should be completely abandoned