Daniel Pinto presents a clear-eyed, practical takedown of modern capitalism in this study of the challenges facing Western economies. Pinto sides neither with the low-tax, limited-government prescriptions of the right nor with the add-more-government pleas of the left. He does acknowledge that government intervention plays a historic role in the rise of the US economy. Pinto points out that the state-managed economies of China and other emerging markets post enviable growth rates despite government meddling. Another main theme: Investors’ and managers’ thinking is so short-term that managers risk their careers when they look past the next quarter’s results. Alas, this elegantly written lecture suffers from distracting punctuation errors and occasional misspellings. While always politically neutral, getAbstract recommends Pinto’s incisive, and sometimes controversial, views to students, entrepreneurs, policy makers and investors seeking an alternative – but still profitable – approach to today’s Western capitalism.
In this summary, you will learn
- How Western powers have lagged in recent years,
- Why emerging-market economies pull ahead, and
- How the US and Europe might regain their mojo.
About the Author
CEO of the asset management firm Stanhope Capital, Daniel Pinto founded the New City Initiative think tank.
Comment on this summary
3 years agofair paly is now substitute by the aggresive appropach of capitalism which eventually paves the way of unequal distribution of wealth.