Summary of Standing on the Sun

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Standing on the Sun book summary
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Rating

7 Overall

7 Importance

7 Innovation

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Recommendation

Economist Christopher Meyer and Harvard Business Review editor Julia Kirby adopt the artifice of “standing on the sun” to gain a global perspective on how capitalism is changing. They foresee inevitable transformation and Internet-fueled innovation and predict that traditional profit-driven models of capitalism will evolve – in a Darwinian sense – to incorporate the social and environmental values that customers demand. The authors make a strong case that much of this innovation and adaptation will come from the developing world and that the West will have to adjust quickly to part-public, part-private, part-social hybrids of capitalism. The text roams worldwide to offer telling examples of altruistic firms making money. Despite some jargon and a certain academic nature, it is a valuable read. getAbstract finds its compelling content provides a valuable view on capitalism’s future.

In this summary, you will learn

  • Why capitalism is evolving;
  • How a firm’s combined, often unintended, effects on society affect its performance;
  • How developing countries are changing the face of capitalism; and
  • How the private, public and nonprofit sectors collaborate to solve business and social issues.
 

About the Authors

Christopher Meyer is an economist and the author of Blur: The Speed of Change in the Connected Economy. Julia Kirby is an editor-at-large at the Harvard Business Review.

 

Summary

Shining on Developing Countries
If you could stand on the sun and look back at Earth, you’d see the planet from a whole new perspective. The biological evolution of the natural world offers a metaphor for how capitalism itself will evolve. Darwin’s theories of natural selection are entirely...

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