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Wilton Park British-German Forum 2009: can we shape capitalism to suit our future? [WP984]

This conference discussed the following points:

  • The global financial crisis has caused us to question the current institutional structures of free market capitalism. Politicians have spoken of the need for a “new”, morally renewed, better-regulated capitalist society. What does this mean for Britain and Germany and how can it be achieved?
  • Do current international systems need to change?
  • Can free market capitalism in a financially interdependent world be a genuine force for good, lifting millions out of poverty, or is it necessary to re-regulate the banking system and rely on public not private institutions to enable social change?
  • In an interdependent world, how will countries such as the US, China and Russia seek to adapt or rebuild their economies?
  • Can capitalist societies share common goals for the global economy?
  • Will nations cooperate in shaping a new global financial system, or will national interest and protectionism prevail?
  • What is the role of business and so-called “philanthrocapitalism”?
  • Do our societies encourage entrepreneurs?
  • Can capitalism flourish in tandem with global commitments to a low carbon economy?
  • How can capitalism integrate business success, social responsibility and environmental sustainability?

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