Is capitalism actually broken?
Let’s Begin…
People have become increasingly worried that the threats we face today, like climate change and rising inequality, can’t be solved by a capitalist economic system. So, is that true? And if it is, can we fix capitalism or do we need to tear the system down and build a new one from scratch? Explore the different types of capitalism and the role it plays in our society.
Explain "The Invisible Hand" as a metaphor for how an economy works in your own words.
Sign in to answer questionWatch the video and finish the Think section to complete the lesson.
About Economics Explained
Economics has had a huge impact on the world we live in—and understanding the key factors at play in these massive, interconnected systems can give us insight into how to make them better, stabler, and more equitable. Dig into these quick and compelling explainers from TED-Ed and World Economic Forum for a taste of economics in action.
Meet The Creators
- Video created by TED-Ed
- Lesson Plan created by TED Ed
