Winston Churchill said of capitalism, The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.
Our esteemed guest, Dr. Philip Kotler--the great economist from Northwestern--says that capitalism is still the best system, but that it has to have a heart. In his latest book, Confronting Capitalism, he highlights 14 shortcomings of our system while providing solutions to get us back on track.
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