Module 2, Lesson 2.2: The Bad: Production Disruptions
In this second lesson of Module 2, Associate Professor Paulo dos Santos discusses the bad in the functioning of capitalist economies. He considers instability and crises in market functioning, and argues that a decentralised capitalist economy has persistent difficulties coordinating individual decisions in ways that sustain high measures of economic activity, incomes, and employment.
By the end of this video (2/5), learners will be able to:
Explain why and how production systems created by profit-maximizing enterprises may not be very robust when faced with disruptions like COVID19 or the effects of climate change.
