What capitalism gets right -- and governments get wrong | Katherine Mangu-Ward




TED Business show

Summary: Is capitalism a good thing? Journalist Katherine Mangu-Ward makes the case that "weirdos" left alone to innovate and explore far-out ideas in a free market system are our best hope for the future. She asks us to reconsider our qualms about capitalism, failure and corporate death, analyzing the recent history of General Motors and Facebook to illustrate why we're better off with a lot less government intervention. After the talk, our host Modupe Akinola introduces an organization that encourages 'weird' ideas -- and shares insights on their unique process.