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BusinessWorld April 27, 2021 | 6:26 pm (Part 1) Nowadays, free market capitalism is in great disrepute, attacked by both those from the left and the right. Considered almost as gospel truth during the second half of the last century, belief in the free market as the key to long-term economic progress and social justice suffered a serious blow by the beginning of the third millennium when there was more than enough evidence that free market forces kept hundreds of millions of people in both developed and developing countries in dehumanizing poverty. There was no automatic trickle down of incomes from the upper-income groups to the teeming masses. Inequality was the rule rather than the exception both within each nation and among nations. As measured by the so-called GINI coefficient, even the most developed countries manifested extreme inequality in incomes, not to mention in wealth.

Comunidad autonoma de catalunaPietro bonettiGordon gekkoMilton friedmanPope francisGaizka ormazabalOrganisation for economicBusiness schoolCorporate governance initiativeInstitute for corporate directorsAsian development bankLehman brothersCapital markets forumUniversity of chicagoEconomic communityWall street