It’s Institutions Stupid: The Moralisation of Capitalism

Couldn’t make the webinar on December 7th? You can watch Will Hutton’s 2021 lecture now, with a response from Baroness Minouche Shafik.

Hutton’s talk, “It’s institutions stupid: The moralisation of capitalism,” is based on the idea that there is widespread agreement that contemporary capitalism needs a reset. Capitalism is not delivering balanced sustainable growth, the source of its legitimacy, while rewards at the top and bottom are wildly out of kilter; dynastic fortunes are being created ossifying our society while monopoly power, extracting ever more economic rent, is growing more prevalent and drains away economic dynamism. This lecture brought together theory, evidence and practice to point the way to a new capitalism.