McKinsey has just released it’s latest Economic Outlook report. Some highlights of what is always a must-read: Respondents around the world are sanguine about the current state of the global economy and their economies at home, according to McKinsey’s newest survey on economic conditions.1But as they look ahead, they are less likely to expect
What are the true nature and purpose of capitalism? In the U.S., a nation that considers capitalism close to a religion, the answer may seem obvious to many people: it is a social and legal system in which individuals (entrepreneurs) compete for wealth using capital (their own or that of investors). Yet, that traditional view, and the “classical” economic theories
