The TIME at Davos Debate: Capitalism Under Fire

ERIC PIERMONT / AFP / Getty Images

Bank of America chief executive officer Brian Moynihan attends the TIME debate on January 25, 2012 at the World Economic Forum (WEF) in the Swiss resort of Davos

At the world economic Forum in Davos, one nagging issue keeps popping up: the growing gap between the haves and have-nots. It's a thorny topic of debate at an event that brings together the world's wealthiest and most powerful people at a swanky Swiss ski resort. But during a roundtable discussion hosted by TIME and moderated by Jim Frederick, editor of TIME's international editions, on Jan. 25, our panellists — international labor leader Sharan Burrow, CEOs Ben Verwaayen and Brian Moynihan, private-equity chief David Rubenstein and economist Raghuram Rajan — confronted the subject head-on with the opening question: "Is 20th century...

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