Has Capitalism Failed?


While Occupy Wall Street seems to have spent its mass protest energy, the movement continues to muster strength in its rhetoric about the elite "one percent" and the long-term consequences of growing income and wealth gaps between the haves and the have-nots. Capitalism has created wealth, but many argue that that wealth has not benefited the greater population. Is this an inherent flaw in capitalism? Or are there other issues that need addressing first?

The global financial meltdown exposed structural inequalities in economic systems that protect the rich and leave the poor vulnerable. Recent news headlines report a widening income gap, stagnation among the middle class, and limited social mobility. Has capitalism failed? How can teachings and practices from religious communities help shape an economic system that is more inclusive and fair, and that better reflects religious ideals?

The Patheos Public Square is produced in partnership with Christianity Today and the Progressive Christian Initiative.

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