Rethinking capitalism

Monday, 19 December 2011 00:00 - - {{hitsCtrl.values.hits}}

‘Division of Labour and Specialisation’ as articulated by Adam Smith is one of the main reasons for material improvement in the human quality of life. This also means that as human beings we have to ‘cross-serve’ each other. In the process, we have assigned financial values to different activities. Have we now taken this to bizarre limits?

For instance, a farmer, a nurse, a teacher (all of whom make such a significant contribution to our lives) seem to get such a minuscule return for their efforts compared to someone who makes a million times more by a stroke of a single speculative transaction.

Could the protests on Wall Street be just the start of a worldwide epidemic?