 TED-Ed: Is capitalism actually broken?

Is capitalism actually broken?

People have become increasingly worried that the threats we face today, like climate change and rising inequality, can't be solved by a capitalist economic system. So, is that true? And if it is, can we fix capitalism or do we need to tear the system down and build a new one from scratch? Explore the different types of capitalism and the role it plays in our society. [Directed by Lorenzo Mercanti, AIM Creative Studios, narrated by George Zaidan, music by André Aires].

Capitalism comes in many forms, each defined by who owns capital, how much governments control production, and the role of markets in setting prices. While modern capitalism has created unprecedented value, it has also fueled rising inequality—the top 1% in the UK doubled their income share from 7% to 14% between 1980 and 2014—and driven climate change by rewarding cheap fossil fuel use. No country uses pure free-market capitalism today, but the balance of these economic 'dials' determines whether prosperity is widely shared or concentrated. The challenge is whether tweaks can fix its flaws or if a deeper overhaul is needed.