The Future of Capitalism

Outline

The Future of Capitalism (2018) examines the deep divisions that have opened up in modern societies between cities and struggling regions, between the highly educated and others, and between rich and poor countries. Paul Collier argues that capitalism can still work for everyone if it is guided by shared values, mutual obligation, and practical policies. He offers ideas for restoring fairness and a sense of common purpose.

• Modern societies have split along three lines: thriving cities versus struggling regions, the highly educated versus others, and rich versus poor countries.
• Collier argues capitalism can still work for everyone rather than only for a fortunate few.
• Shared values and mutual obligation are what should guide how capitalism operates.
• Practical policies, not slogans, are the tools he offers for reducing division and restoring fairness.
• Rebuilding a sense of common purpose is treated as part of the economic problem, not a separate one.

Paul Collier is a British economist and professor of economics and public policy at the University of Oxford. He has worked on development and poverty for decades and served as director of research at the World Bank. His books include The Bottom Billion, Exodus, and The Future of Capitalism.