If Capitalism is Broken – Maybe it is Fixable

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Analysis: If Capitalism is broken – maybe it is fixable.
The first interesting statement from the article is Stiglitz’s claim that globalization does not benefit everyone. I agree with the statement because although the concept has improved living standards worldwide, not all of its outcomes appeal to all. A corporation that manufactures products to sell overseas employs hundreds of workers whose salaries are just a small fraction of the few senior managers. Therefore, globalization is seen to encourage an environment that allows the exploitation of employees. In some nations, sufficient protections for such workers may even be absent. Secondly, Stiglitz argues that states should regulate capitalism to favor the disadvantaged. I agree with this statement because specific government provisions, like education, public transport, and health, are necess...