The Strategy Skills Podcast: Management Consulting | Strategy, Operations & Implementation | Critical Thinking

Elizabeth McBride and Seth Levine return to discuss the ideas behind their book Capital Evolution and the shifts they see across capitalism, innovation, and work. They describe conversations with young people who believe "socialism is the right answer," and explain why "nearly half of people under forty now don't think that capitalism works." They share experiences from a World Bank launch event where one attendee "jumped in his car and raced to get there" because he was "so engaged in entrepreneurship and this idea of we need to build things really rapidly." Elizabeth explains that the book argues, "capitalism is a flawed system" and that "we need to always be working on making it better," while Seth adds that history shows socialism "has literally, and I mean literally like never in a single instance, actually worked." They describe how disillusionment arises when people "don't have a stake in the market system," and why "we want more people… to have a stake in the system." They also highlight stories of co