Capitalism 4.0: Balancing Markets and Government - Anatole Kaletsky

The video discusses the evolution of capitalism, highlighting three major transitions since its inception in the late 18th century. The first was the creation of capitalism, followed by the Keynesian shift in the 1930s, and then the market fundamentalism of the Thatcher-Reagan era. The speaker predicts a new phase, Capitalism 4.0, emerging from the 2007-09 crisis, advocating for a balanced approach where both markets and governments are acknowledged as sometimes flawed. This new phase requires a collaborative interaction between economic and political decision-making, demanding a more complex analysis from the field of economics.

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