# POV: Love and Labor Lost

1 Opinion February 2, 2015 OZY ![Peter Henry](/sites/default/files/styles/246w/public/assets/images/con_039935.jpg?itok=jqzFUJ8T) By Peter Henry > What no one is saying is this: We need more jobs — and capitalism creates them.

It’s been said that capital goes where it’s loved.

In our Match.com century, investors’ options have multiplied now that more and more once-closed countries are opening their arms to welcome foreign capital. Today, for example, Prime Minister Narendra Modi actively courts foreign multinationals to “Make it in India,” a shift from years of fury over foreign investment; Mexico has become a more welcoming place to do business with millions of manufacturing jobs and thriving innovation centers.

But neither love nor economics is ever simple. We may be on the verge of a nasty breakup with capitalism. Why? It started with understandable outrage over income inequality. Think of Occupy Wall Street or French economist Thomas Piketty’s bestselling Marxist-revivalist tome Capital in the Twenty-First Century. Think also of the ire over corporate tax inversions — if a company considers merging with a foreign corporation and moving its headquarters outside the country, it gets vilified as “unpatriotic.”

Read full article as published in [OZY](http://one.ozy.com/pov/its-time-to-love-capitalism-again/38790.article)

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*Peter Henry is the Dean of the Leonard N. Stern School of Business, Dean Richard R. West Professor of Business and William R. Berkley Professor of Economics & Finance.*## More Opinions from Peter Henry

- [To Build Back Better, We Need Better Data About the Developing World](https://www.stern.nyu.edu/experience-stern/faculty-research/build-back-better-we-need-better-data-about-developing-world)
- [Dividends or Disaster](https://www.stern.nyu.edu/experience-stern/faculty-research/dividends-or-disaster)
- [Averting Tragedy: Corporate Ethics and the Educational Commons](https://www.stern.nyu.edu/experience-stern/faculty-research/averting-tragedy-corporate-ethics)
- [Austerity and recovery: East Asian lessons for Europe](https://www.stern.nyu.edu/experience-stern/faculty-research/austerity-and-recovery-east-asian-lessons-europe)
- [Economists Need to Analyze and Explain, Don’t Prognosticate](https://www.stern.nyu.edu/experience-stern/faculty-research/henry-economists-don-t-prognosticate)