Capitalism Inspires Progress and Prosperity, But Its Shortcomings Must Be Addressed

Capitalism is an economic system that has demonstrated remarkable benefits and fueled tremendous progress over the centuries. It is the strongest form of economic development in the world and encourages and rewards innovation, generally solves issues of supply and demand for products, and provides for the efficient allocation of financial and human capital resources.   

It has played a significant role in fostering innovation, economic growth and individual freedom. However, like any system, capitalism is not without its flaws and areas for improvement. 

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About the Author(s)

Herman Bulls

Herman Bulls is chair of Fluence Energy; director of Host Hotels & Resorts, Comfort Systems USA and Collegis Education; international director and vice chairman, Americas, of Jones Lang LaSalle; and vice chairman of USAA.


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