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Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis by Anatole Kaletsky

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CHAPTER THIRTEEN
The Adaptive Mixed Economy
Adaptive (adj): having a capacity for adjustment to environmental conditions . . .
[The capacity] of an organism or its parts that makes it more fit for existence under the conditions of its environment.
Webster’s Dictionary
CAPITALISM 4.0 WILL BE an adaptive mixed economy. But what does this really mean? First, it will be explicitly a mixed economy. It will combine government and business in partnership rather than opposition and deliberately mix normal competitive markets, designed to be as transparent and efficient as possible, with a smaller number of controlled markets, consciously regulated to limit their “efficiency” in the narrow and misleading sense of Capitalism 3. Second, Capitalism ...

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