By David C. Korten
* Named as certainly one of destiny Survey's great 70 books
* Written via a widely known globalization realist with vast overseas event in business
* makes use of organic and evolutionary ideas to demonstrate the diversities among capitalism and financial systems
Korten examines the fissure among the guarantees of latest international capitalism and the truth of monetary lack of confidence, inequality, social breakdown, non secular vacancy, and environmental destruction. via drawing on insights from biology and evolutionary rules, Korten renders monetary phrases and concepts extra comprehensible by using uncomplicated metaphors relating to dwelling structures. The publication prescribes financial suggestions to capitalism’s maladies, and offers readers with plausible how you can paintings towards a fit, sustainable financial system.
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Extra info for The Post-Corporate World: Life After Capitalism
That the struggle is a product of our own psyche is evident in the fact that money itself has no volition or power of its own. Although it has been one of the most useful of human inventions and contributed greatly to our progress, money is nothing more than a simple number on a piece of paper or some form of electronic medium that offers a convenient means to facilitate economic exchange. With time, however, we have come to imbue money with almost mystical significance. Some speak of the soul of money.
6 trillion a year in 1994 dollars. S. 9 trillion. 73 trillion. In short, although capitalism claims to be an engine of wealth creation, in fact its primary vehicle, the corporation, is more accurately described as a powerful engine of wealth extraction—its profits dependent on imposing enormous costs on the rest of society so that a few top executives and large shareholders may enjoy unconscionably large financial rewards. If market rules were applied, most of the dominant corporations would have long ago found themselves unable to cover their own costs and gone bankrupt or been restructured into smaller, more efficient firms.
The result is a system in which power and expertise are delinked from moral accountability, instrumental and financial values 28 • t h e d e a d ly ta l e override life values, and what is expedient and profitable takes precedence over what is nurturing and responsible. As Hobbes aptly demonstrated, it all follows logically from the premise that life is accidental and meaningless—a story that denies life meaning, denies life respect, and absolves us of responsibility for the harm our actions may cause.
The Post-Corporate World: Life After Capitalism by David C. Korten