Summary of Three Stories About Capitalism

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Three Stories About Capitalism summary
Social psychologist Jonathan Haidt proposes a new narrative to bridge the polarized political dichotomy.

Rating

9 Overall

9 Applicability

8 Innovation

9 Style

Recommendation

Does capitalism prey on the downtrodden or provide a path to economic freedom? This debate has pitted liberals against conservatives for decades. Social psychologist Jonathan Haidt posits that both narratives offer some truths. His eloquent, entertaining argument proffers a definition for capitalism that may bridge the chasm between both sides of the political debate and create common ground for progress. Though Haidt’s solution is a touch idealistic, getAbstract recommends his worthy report to politicians, business executives, and economic and social reformists.

In this summary, you will learn

  • How “tame problems” and “wicked problems” differ
  • Why political polarization is a wicked problem
  • How to bridge the gap between the political left and right in a way that will accommodate both sides of the divide
 

Summary

A “tame problem” – such as a cholera outbreak – is a “definable, understandable and consensual” issue. Specialists can agree on the cause of and solution to the crisis. Conversely, to address a
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About the Speaker

Jonathan Haidt is a professor of ethical leadership at New York University’s Stern School of Business.


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