In this opening dialogue we explore what the big challenges are for the longterm future of the (European) market economy/economies. What are the key problems with today’s capitalism and what is needed for a change toward a new form of capitalism/market economies, that are both humanly and ecologically sustainable? Is there a possibility for a distinct European model of capitalism, that can meet these demands?

Moderated by
Natasja van den Berg
David van Overbeek
Moderator | Econoom, filosoof en maker De NIeuwe Wereld TV

About the speakers

Joseph Stiglitz is an American economist, public policy analyst and professor at Columbia University. He is former senior vice president and chief economist of the World Bank and is a former member and chairman of the (US president’s) Council of Economic Advisers. In 2001, Stiglitz won the Nobel Memorial Prize in Economic Sciences and in 2019 his most recent book, People, Power, and Profits; Progressive Capitalism for an Age of Discontent was published.

Herman van Rompuy is a Belgian politician, who served as Prime Minister of Belgium from 2008 to 2009 and then as the first permanent President of the European Council from 2009 to 2014. He was appointed chairman of the board of the College of Europe in 2019.

About the series

This event is developed by
In collaboration with
Programme seriesFuture of Capitalism

Over the past century, the capitalist model of the free market economy has demonstrated to be an effective vehicle to create wealth. However, in today’s globalised world, the downsides of this model have become more and more obvious: ecological decay, increasing inequality worldwide, financialisation, inadequate resource allocations and a new geopolitical power balance. The credit crisis of 2008, and more recently, the coronacrisis, have further exposed these issues. How can the freedom and innovative potential of free markets be squared with the requirements of ecological sustainability and social justice and inclusivity?