Guardian Live: will the market save us?

Has capitalism had its day? At a Guardian Live/Discuss debate in Manchester, Guardian Members listened to two opposing arguments before voting for or against the motion - the markets will save us

The late Nobel prize-winning economist, Milton Friedman, once described free-market capitalism as "the most effective system we have discovered to enable people who hate one another to deal with one another and help one another". Yet since the 2008 financial crash, this understanding has come in for intense criticism from those who believe that unregulated markets are the cause of - rather than the solution to - many of society's problems.

What drives market economies is innovation and what we're seeing right now is an unprecedented wave in innovation ...

People and institutions need to use markets to build a society where appropriate but the market won't do it by itself.