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"Just as any revolution eats its children, unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself.
As Carney put it: "Just as any revolution eats its children, unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself.
Prosperity requires not just investment in economic capital, but investment in social capital". "Just as any revolution eats its children, unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself.
The pamphlet takes up the point made this year by Mark Carney, the governor of the Bank of England, when he said: "Just as any revolution eats its children, unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself".
Arguing that unchecked market fundamentalism "can devour the social capital essential for the long-term dynamism of capitalism itself," Carney called for individuals and firms to "have a sense of their responsibilities for [the] broader system".
More generally, countries committed to defending transparency and fighting corruption are more attractive to entrepreneurs and other international sources of capital essential to providing jobs and spurring development.
Similar(52)
Just as buildings and other forms of physical capital were essential to operating in previous centuries, an information infrastructure is an essential tool for any enterprise in the 21st century, particularly an information intensive industry such as health care.
But even banks won't deny that capital is essential.
Accumulated capital is essential to supporting and increasing the division of labor and productive improvement.
Mobilizing private capital is essential, particularly at a time when public budgets are under strain.
The company said staying in the capital was essential to its identity: "We are committed to London.
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