People are losing faith in capitalism. The world needs a new approach, writes Michael Klowden for CNN Business Perspectives
People are losing faith in capitalism. The world needs a new approachBy Michael Klowden for CNN Business PerspectivesChat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.
Michael Klowden is CEO of the Milken Institute, which will open its annual Global Conference on Sunday in Los Angeles under the theme"Driving Shared Prosperity." The opinions expressed in this commentary are his own. .leftside-floating-image { width:100%; display:block; margin:0 auto 1.5rem; } @media screen and { .leftside-floating-image { float:left; width:50%; max-width: 200px; display:block; margin:0 1.5rem 1rem 0; } } Surveys suggest that a growing number of people are losing faith in capitalism and the free market system, convinced they are being — or will be — cast off as detritus in the wake of globalization and advancing technology.
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