G-20 Large protests broke out in Spring 2009 at the G-20 Summit meeting in London.

G-20Large protests broke out in Spring 2009 at the G-20 Summit meeting in London. Anarchists and other far left groups argued that capitalism has been proven a failure as the leading world economic system. They cite the current global Economic downturn as evidence. Are they correct or incorrect? Consider the role of capitalism in trade, monetary policy and investment. Is capitalism the best answer? If not, what is?

I think capitalism is the best answer. Capitalism is a type of economic model in which most ofthe production supply, that is the industry is privately owned and the income is distributed by the...