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?