Book description
Q. Who should take the lead in fixing market capitalism?
A. Business—not government alone.
The spread of capitalism worldwide has made people wealthier than ever before. But capitalism's future is far from assured. Pandemics, income inequality, resource depletion, mass migrations from poor to rich countries, religious fundamentalism, the misuse of social media, and cyberattacks—these are just a few of the threats to continuing prosperity that we see dominating the headlines every day.
How can capitalism be sustained? And who should spearhead the effort? Critics turn to government. In their groundbreaking book, Capitalism at Risk, Harvard Business School professors Joseph Bower, Herman Leonard, and Lynn Paine argue that while robust governments must play a role, leadership by business is essential. For enterprising companies—whether large multinationals, established regional players, or small startups—the current threats to market capitalism present important opportunities.
In this updated and expanded edition of Capitalism at Risk, Bower, Leonard, and Paine set forth a renewed and more urgent call to action. With three additional chapters and a new preface, the authors explain how the eleven original disruptors of the global market system clash with the digital age, and they provide lessons on how to take action. Presenting examples of companies already making a difference, Bower, Leonard, and Paine show how business must serve both as innovator and activist—developing corporate strategies that effect change at the community, national, and international levels.
Filled with rich insights, this new edition of Capitalism at Risk presents a compelling and constructive vision for the future of market capitalism.
Product information
- Title: Capitalism at Risk, Updated and Expanded
- Author(s):
- Release date: June 2020
- Publisher(s): Harvard Business Review Press
- ISBN: 9781633698260
You might also like
book
Capitalism and Inequality
Capitalism and Inequality rejects the popular view that attributes the recent surge in inequality to a …
book
Peter F. Drucker on Globalization
Managing in a Globalized Economy In this collection of essays, renowned management thinker and teacher Peter …
book
HBR's Year in Business and Technology: 2021 (2 Books)
The biggest technology and management ideas of the year, all in one place. This collection of …
article
Three Ways to Sell Value in B2B Markets
As customers face pressure to reduce costs while maintaining profitability, value-based selling (VBS) has become critical …