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Paul Knight's
biography
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QuestionWhat's after capitalism? Wera KoseleckAnswer
Paul Knight: What is after capitalism? This is something that I too would like to know. Personally, I think we may go to a hybrid type system where we see a lot of the socialist ideals moving into balance out our economic processes and views and excesses that we currently see under the capitalist model. And partly this will come down to a slowing of growth in economies, the slowing of growth in markets. The issue that we face, I think, for this is we have countries like China and India which have the potential for huge population growth, huge opportunities for market development. So I don’t see change from the capitalist marketing processes and globalization occurring until actually these markets also slow their growth. So we’re many years away from changing capitalism I think. Although one thing that could change on this level would be the impact we’re having on the environment and I think this could lead to change so that we really do need to look beyond just the capitalist financial benefit of individuals and shareholders within companies to a system where we say okay, no, we need to be supporting beyond these systems. We need to ensure that these people outside of our sphere are supported. And by doing that I thank we’ll start to see that move back to more of a socialist type view within our current capitalist economic--
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