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Capitalism at the Crossroads

The Unlimited Business Opportunities in Solving the World's Most Difficult Problems

by Stuart L. Hart

Wharton School Publishing, 2005

Category: Economics & Politics
This summary is also available in: German

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Capitalism at the Crossroads

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rating 9 (9)

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rating 8 (8)

Innovation

rating 9 (9)

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rating 7 (7)

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rating 6 (6)

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  (9.0)

In this summary you will learn

  • Why capitalism must take a radical new approach if it is to survive
  • How becoming environmentally and socially responsible is good for business

Why you should read Capitalism at the Crossroads

This interesting and provocative book synthesizes several of the most influential ideas in modern business and distills a new idea: that disruptive innovation at the bottom of the pyramid will solve the crises of environmental pollution, business stagnation and international terrorism at the top. No one can accuse author Stuart L. Hart of thinking small or of lacking imagination. His big ideas are all in place. The only missing element, as he freely admits, is one small detail: how. Capitalism must take a new course, and it's pretty clear what the new course must be, but Hart presents only a vague notion of how businesspeople are to go about turning his vision into reality. getAbstract.com recommends that business leaders read this book anyway, because it will stimulate your thinking about what might be possible. Maybe you'll be the one to figure out how to make the difference.

About the Author

Stuart L. Hart is S. C. Johnson Chair of Sustainable Global Enterprise and Professor of Management at Cornell's Johnson Graduate School of Management.

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Dan Peterson 27. April 2011

I agree with most of the author's vision for the future of capitalism. It will take the leadership of a few companies with the capability, flexibility and drive to prove out his theories. I disagree with his view that 9/11 and terrorism are tied to poverty and those left behind in the money economy. That's not an outcome of capitalism nor the great threat to capitalism. Rather, it is the wild swings in financial stability that is making people lose faith in capitalism's ability to solve problems of today and of the future. His sustainability strategy could go a long way to restoring the confidence and belief in capitalism that was once standard throughout the world.