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Can there be capitalism without freedom? No, says Iván Duque
Can There Be Capitalism Without Freedom? | Former Colombia President Iván Duque | GZERO World
October 28, 2022
Should the US still try to engage with countries run by regimes antithetical to its own?
For former Colombian President Iván Duque, the democratic consensus in the Western Hemisphere means that "there's no space for autocracies or for dictatorships." That means not imposing democracy on everyone but defending democratic values everywhere, he tells Ian Bremmer in a GZERO World interview.
Meanwhile, capitalism is coming under pressure — including from authoritarian regimes like China, which is selling its own brand of state-led capitalism as opposed to the free-market capitalism prevalent in democracies.
Duque pushes back against the notion that there can truly be capitalism where people can't choose their leaders. His preferred solution is "conscious capitalism," which creates value but also seeks to close social gaps.
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