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Capitalism at Risk: Rethinking the Role of Business

Capitalism at Risk: Rethinking the Role of Business

Hardback Harvard Business School Press

By (author) Joseph L. Bower, By (author) Herman B. Leonard, By (author) Lynn S. Paine

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  • Publisher: Harvard Business Review Press
  • Format: Hardback | 272 pages
  • Dimensions: 156mm x 235mm x 21mm | 471g
  • Publication date: 4 October 2011
  • Publication City/Country: Boston, MA
  • ISBN 10: 1422130037
  • ISBN 13: 9781422130032
  • Sales rank: 283,607

Product description

The spread of capitalism worldwide has made people wealthier than ever before. But capitalism's future is far from assured. The global financial meltdown of 2008 nearly produced a great depression. Economies in Europe are still teetering. Income inequality, resource depletion, mass migrations from poor to rich countries, religious fundamentalism--these are just a few of the threats to continuing prosperity. How can capitalism be sustained? And who should spearhead the effort? Critics turn to government. In Capitalism at Risk, Harvard Business School professors Joseph Bower, Herman Leonard, and Lynn Paine argue that while governments must play a role, businesses should take the lead. For enterprising companies--whether large multinationals, established regional players, or small start-ups--the current threats to market capitalism present important opportunities. Capitalism at Risk draws on discussions with business leaders around the world to identify ten potential disruptors of the global market system. Presenting examples of companies already making a difference, the authors explain 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, Capitalism at Risk presents a compelling and constructive vision for the future of market capitalism.

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Author information

Joseph L. Bower is the Baker Foundation Professor of Business Administration at Harvard Business School. Herman B. Leonard is the Eliot I. Snider and Family Professor of Business Administration at Harvard Business School and the George F. Baker, Jr. Professor of Public Sector Management at Harvard's Kennedy School of Government. Lynn Paine is the John G. McLean Professor of Business Administration at Harvard Business School.

Review quote

"Capitalism at Risk is a much recommended read for anyone who wants to better understand the future role of business in successful capitalism." -- Midwest Book Review

Table of contents

1. Introduction: An Inquiry Into the Future of Market Capitalism 2. A Projection of Global Prospects 3. Threats to the Global Market System 4. Seeing the Threats as Systemic 5. The Business Response: Five Possible Roles 6. Leading through Innovative Business Models 7. Leading Through Institutional Activism 8. Rethinking the Role of Business