Capitalism needs no apology | Dennis Kneale | TEDxFultonStreet
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This talk was given at a local TEDx event, produced independently of the TED Conferences. Former editor-in-chief of Forbes Magazine Dennis Kneale speaks out in support of capitalism. French economist Thomas Piketty has promoted the idea unequal distribution of wealth causes instability, and proposed global system of progressive wealth taxes to help reduce inequality.
In this impassioned and eloquent discussion, Kneale articulates and justifies the reasons why this thinking has been proven wrong throughout modern history. His views may be unpopular among "left" or "liberal" audiences, but he uses the TEDx stage to speak with a level of frankness and sobriety rarely seen on television news today.
Former senior correspondent on FOX Business Network and CNBC, Kneale previously served as a managing editor at Forbes Magazine where he most notably covered corporate corruption, including the trials of Martha Stewart, Dennis Kozlowski, Bernie Ebbers. While there, he also oversaw business coverage including the Internet boom, bust and rebuild; corporate scandals and investor fallout; the backlash against the drug industry amid drug recalls and soaring costs; and the rise of Google.
Kneale joined Forbes in 1998 to expand its coverage of technology, media and health, after a 16-year stint at The Wall Street Journal where he was a senior editor, directing much of the coverage of new AIDS treatments, which won a Pulitzer Prize in 1997. He started at the Journal in 1982, where he initially covered advertising, technology and media before becoming an editor in 1990.
About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)