Is there a crisis in capitalism? | Bill Gates

And yet many people are questioning the capitalist system that produced those gains. There’s an understandable sense that the system is in crisis.

Why is this happening? Collier says we’re experiencing three big rifts: 1) a spatial divide between booming cities and struggling small towns; 2) a class divide between people who have a college education and those who don’t; and 3) a global divide between high- and middle-income countries on the one hand, and fragile states on the other.

Collier has a personal perspective on all three divides. He grew up in industrial Sheffield, England; now he makes his home in an upscale college town. Both of his parents left school when they were 12; he went to Oxford. He lives in a rich country, but because of his work, he spends a lot of time in some of the poorest places in the world.

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Is there a crisis in capitalism? | Bill Gates

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