CHAPTER EIGHT

Call It Capitalism …

Global monopolies and national business models

My travels, my discussions with people in Scandinavia, tell me that that society has learned to combine the power of capitalism with the concern that comes out of socialism.

—Narayana Murthy (in conversation with authors)

The voice on the line was Indian accented and unhesitating: “I do think that we will move towards a normative form of capitalism across the entire globe, thanks to the financial crisis in the U.S.” The speaker was Narayana Murthy, founder of the Indian IT services firm Infosys, and it was late 2009. We'd been talking about the thesis of this book, that capitalism was evolving based on changes in the global economy, and had asked him whether ...

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