Capitalism's Fundamental Flaw

Growing up in pre-liberalization India, I embraced Ayn Rand as the one who best articulated a philosophy that rang true to my naturally entrepreneurial mind. Capitalism, meritocracy, individualism, self-correcting market economics, innovation, excellence, integrity, fairness, work-ethic, justice--many of the values that I worship are also those that Rand celebrates in her fiction through her unforgettable characters.

But as I have developed a deeper understanding of how capitalism works today, I am beginning to see flaws that are unlikely to correct themselves.

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Daniel Indiviglio was an associate editor at The Atlantic from 2009 through 2011. He is now the Washington, D.C.-based columnist for Reuters Breakingviews. He is also a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. More

Indiviglio has also written for Forbes. Prior to becoming a journalist, he spent several years working as an investment banker and a consultant.

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