Author profile: Anatole Kaletsky

Capitalism 4.0

Anatole Kaletsky • Jul 21 2010 • Articles

The recent financial crisis marked the fourth systemic transformation of the global capitalist system, comparable to the upheavals that followed the great inflation of the 1970s, the great depression of the 1930s and the period of geopolitical turmoil that culminated with Wellington’s victory over Napoleon in 1815. The new politico-economic system emerging from the crisis can therefore be described as the fourth distinctive version of capitalism: Capitalism 4.0.

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