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Showing Original Post only (View all)Capitalism is so broken it can’t be fixed [View all]
By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) Clayton Christensen, one of the worlds brilliant minds on business innovation, believes capitalism is broken. Needs a fix.
But look closely at his three innovations for saving capitalism. Hes really talking about saving America from a broken political system that was broken by capitalists. What if its the other way around? If capitalism is Americas biggest problem, why save it?
This story begins with Andy Grove. He once held up Christensens 1997 book, The Innovators Dilemma, at a Las Vegas Comdex trade show and said it was the most important book Ive read in 10 years. Why? Solving the innovators dilemma helped Grove build Intel into whats now a $100 billion semiconductor giant.
But when the new A Capitalists Dilemma is published next year is there a new Andy Grove in Washington to endorse it? more>
SAN LUIS OBISPO, Calif. (MarketWatch) Clayton Christensen, one of the worlds brilliant minds on business innovation, believes capitalism is broken. Needs a fix.
But look closely at his three innovations for saving capitalism. Hes really talking about saving America from a broken political system that was broken by capitalists. What if its the other way around? If capitalism is Americas biggest problem, why save it?
This story begins with Andy Grove. He once held up Christensens 1997 book, The Innovators Dilemma, at a Las Vegas Comdex trade show and said it was the most important book Ive read in 10 years. Why? Solving the innovators dilemma helped Grove build Intel into whats now a $100 billion semiconductor giant.
But when the new A Capitalists Dilemma is published next year is there a new Andy Grove in Washington to endorse it? more>
http://www.marketwatch.com/story/capitalism-is-so-broken-it-cant-be-fixed-2013-02-23?pagenumber=1
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yup. Succeeding wonderfully at impoverishing the many while enriching the few.
limpyhobbler
Feb 2013
#3
Exploitation, environmental destruction, gargantuan inequality, poverty, war, corruption
alcibiades_mystery
Feb 2013
#5
nothing to do with corruption; capitalism operating normally concentrates wealth and power.
HiPointDem
Feb 2013
#21
the design that says capitalism exists to increase & accumulate one's capital investment. if
HiPointDem
Feb 2013
#23
businesses come and go, but capital concentrates. it moves from business to business -- into
HiPointDem
Feb 2013
#30
my original statement was: capitalism is 'designed' to concentrate capital. just like a game
HiPointDem
Feb 2013
#34
i've read plenty of anthropologists, and they don't all agree on 'the origins of our economic
HiPointDem
Feb 2013
#40
'people buying things' is not a feature specific to capitalism. people have 'bought things,' or
HiPointDem
Feb 2013
#32
look, you seem to think i'm comparing capitalism to some other better economic arrangement &
HiPointDem
Feb 2013
#37
Profit implies infinite profit no more than eating implies infinite weight gain.
Silent3
Feb 2013
#43
a design doesn't necessarily imply a single designer, or any designer. "idealized, theoretical"
HiPointDem
Feb 2013
#25
you're the one who brought up 'idealized theoretical capitalism.' It's a mental concept that
HiPointDem
Feb 2013
#28
no, it doesn't. no more than 'death is a feature, not a bug, of human life' implies deliberate
HiPointDem
Feb 2013
#36
Since we won't be switching to socialism (and definitely not anarchism), we better find a way...
brooklynite
Feb 2013
#16
Our capitalist system doesn't recognize the right of citizens to own land - not buy it, own it.
reformist2
Feb 2013
#24