Director at the John F Kennedy School
Ricardo Hausmann, director of the Centre for International Development and Professor of the Practice of Economic Development at the John F Kennedy School of Government at Harvard University, is a former Venezuelan minister of planning.
Capitalism gets blamed for many things nowadays: poverty, inequality, unemployment, even global warming. As Pope Francis said in a recent speech in Bolivia: "This system is by now intolerable: farm workers find it intolerable, labourers find it intolerable, communities find it intolerable, peoples find it intolerable. The earth itself -- our sister, Mother Earth, as Saint Francis would say -- also finds it intolerable."
Countries are poor because governments are corrupt. And, unless they ensure that public resources are not stolen, and that public power is not used for private gain, they will remain poor, right?