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US Economist Luigi Zingales

Economist Luigi Zingales says American capitalism is in crisis, and that the answer is more competition.

American capitalism is in crisis - that's the view of Professor Luigi Zingales. He blames the links between big government and big business. For the man who cites Margaret Thatcher as his hero, his answer is more competition; more free markets; an end to subsidies and lobbying and less privilege for the few. That's the way he says that capitalism can "rediscover and renew its moral foundation". So can it really be the answer to tackling inequality and mending the American dream?

(Photo: Wall Street sign near the New York Stock Exchange. Credit: Jewel Samad/AFP/Getty Images)

23 minutes

Last on

Fri 23 Jan 2015 20:05GMT

Broadcasts

  • Fri 23 Jan 2015 13:05GMT
  • Fri 23 Jan 2015 20:05GMT

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