Is There a Crisis in Capitalism?

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. As a result of the three trends, Collier says, capitalism is delivering for some people but leaving others behind. Similarly, Collier makes a good case for raising taxes on the unearned income of high-wage workers in cities (like when the value of their land goes up simply because they can afford to live in a place where other well-off people want to live).

Source: www.gatesnotes.com