Today’s youth are increasingly unhappy with the way their elders are running the world. While it may be true that young people of any generation tend to have less support for incumbent economic and political systems and tend to change their views as they age, past polls on the topic suggest this is a new phenomenon felt especially by today’s youth.

State capitalism, which was considered only a few decades ago a relic of the mid-20th century, is back – with a vengeance. Each of these countries in its own way share an important trait: an interventionist state, whose tentacles spread across economic sectors, exercising direct or indirect control over a good number of enterprises.

In economics, a person’s income in a given year should include all inflows of new financial resources that can be used for either consumption or gains in net worth. A familiar example is your paycheck.

The world economy is currently experiencing its severest contraction since the Great Depression of the 1930s. Capitalism will nonetheless survive this crisis as it has done previous ones. The fundamental structures of capitalism typically don’t change fast.

Many consumers, workers and socially conscious investors have also noticed these shortcomings and increased pressure on corporations to change. And as long as investors, customers and employees continue to push for more responsible behavior, you should expect to see those cracks grow.

Many consumers, workers and socially conscious investors have also noticed these shortcomings and increased pressure on corporations to change. And as long as investors, customers and employees continue to push for more responsible behavior, you should expect to see those cracks grow.

While it is unlikely that there will be a complete return to the prior indexed cost based system, any reform should consider that previous system to understand relevant issues before tending towards simplistic, arbitrary and political responses. But that is probably too much to hope for.