Is capitalism still creating prosperity and well-being for the many? That’s a central question behind Re-Imagining Capitalism (Oxford University Press, November 2016), a book coedited by McKinsey’s global managing partner, Dominic Barton; York University’s Schulich School of Business dean, Dr. Dezsö J. Horváth; and Matthias Kipping, Richard E. Waugh chair of business history at the Schulich School. In this video interview, Horváth speaks with McKinsey’s Rik Kirkland about the various forms of capitalism around the world, how societal well-being is strongly linked to enhanced competitiveness and productivity, and how a new generation of students wants to ensure that economic priorities meld well with societal needs.Video and transcript.
Note: "Societal well-being" is called "social welfare" in economics, political science, and sociology, but "welfare" has been tarred with a negative connotation by its opponents. The new term is "well-being."
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Reimagining capitalism to better serve society
4 comments:
Farting rainbows to preserve a failed system.
Capitalism isn't going to do it that is not its role...
Capitalism isn't going to do it that is not its role...
That's why it needs to be replaced with at the macro scale something that will.
"Capitalism" is OK at the micro scale. Not so much at the macro.
The mistake lies in (false) assumption that macro is just scaled up micro. It isn't.
Macro is just scaled up Darwin that is the problem...
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