Capitalism and its unfolding prospects
Capitalism has been a bedrock of our economy, society and development and advancements. But the fruits of this have not been distributed evenly among the masses since it gained prominence after the second world war. The advancements in technology should be enabling the dissemination of wealth to a wide number of people. The wealth generated by capitalism remains in the hands of elite few and is getting skewed in their favour even more. FANGs (Facebook, Apple, Google and Netflix) are creating an oligopoly in the field and not letting the rise of newer firms. In recent testimony in the US senate threw the light on how Facebook coerced Instagram CEO to sell its firm to them. The resulting anxieties among the people have left our political system in a state of crisis. People are getting polarized between left and right ideologies. Populist politicians are are gaining ground around the globe like rise of Donald trump in US, Erdogan in Turkey, Duterte in Phillipines, Netenya...