Luigino Bruni: The Capitalistic Religion: Old Questions, New Insights

Lecture by Luigino Bruni (Rome) organized by the Centre for Politics, Philosophy and Economics and by SCOOP

We cannot understand today the extraordinary success that the capitalist market has had over the past three decades unless we pay close attention to its primary mechanism: the destruction of free non-market goods. These goods are increasingly replaced by merchandise, which try to compensate for the famine of free non-market goods – and, in their own way, they succeed. But this very success simultaneously fuels the sense of isolation. The share of income that families today spend on smartphones and internet fees has exceeded the portion spent on food. The consequences...(continue reading...)