- Who should take the lead in fixing market capitalism?
- 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 ground-breaking 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.
Capitalism at Risk, Updated and Expanded: How Business Can Lead | Joseph L. Bower (Author), Herman B. Leonard (Author), Lynn S. Paine (Author)| Harvard Business Review Press
Table of Contents
Preface to the Expanded Edition
Preface and Acknowledgments to the First Edition
Part One The Future of Market Capitalism
Chapter 1. Introduction
Chapter 2. A Projection of Global Prospects
Chapter 3. Threats to the Global Market System
Chapter 4. Seeing the Threats as Systemic
Part Two How Business Can Lead
Chapter 5. The Business Response
Chapter 6. Leading Through Innovative Business Models
Chapter 7. Leading Through Institutional Activism
Chapter 8. Rethinking the Role of Business
Part Three A Call to Action
Chapter 9. How Disruptors Interact and Why It Matters
Chapter 10. Companies Stepping Up to the Challenge
Chapter 11. Rebuilding Confidence in Capitalism
Appendix
Notes
Index
LINK FOR THE BOOK
