Confronting Capitalism: Real Solutions for a Troubled Economic System

Confronting Capitalism: Real Solutions for a Troubled Economic System

Confronting Capitalism: Real Solutions for a Troubled Economic System

Confronting Capitalism: Real Solutions for a Troubled Economic System

Synopsis

With the fall of the Berlin Wall, one economic modelemerged triumphant. Capitalism - spanning a spectrumfrom laissez faire to authoritarian - shapes the market economies of all the wealthiest and fastest-growing nations.

But trouble is cracking its shiny veneer. In the U.S., Europe, and Japan, economic growth has slowed down. Wealth is concentrated in the hands of a few; natural re sources are exploited for short-term profit; and good jobs are hard to find.

With piercing clarity, Philip Kotler explains 14 major problems undermining capitalism, including persistent poverty, job creation in the face of automation, high debt burdens, the disproportionate influence of the wealthy on public policy, steep environmental costs, boom-bust economic cycles, and more.

Amidst its dire assessment of what's ailing us, Confronting Capitalism delivers a heartening message: We can turn things around. Movements toward shared prosperity and a higher purpose are reinvigorating companies large and small, while proposals abound on government policies that offer protections without stagnation. Kotler identifies the best ideas, linking private and public initiatives into a force for positive change.

Combining economic history, expert insight, business lessons, and recent data, this landmark book elucidates today's critical dilemmas and suggests solutions for returning to a healthier, more sustainable Capitalism - that works for all.

Excerpt

The difference between what we are doing and what we are capable
of doing would solve most of the world’s problems.

—MAHATMA gandhi

There are scores of books on capitalism, most of them defending it, several criticizing it, and many just trying to explain it. Why would anyone want to write another book on capitalism?

I have five reasons for doing so.

First, I want to understand it myself. My family, friends, and acquaintances around the world live in a market economy run on a system called capitalism. They tell me they want to understand capitalism better.

Second, I believe capitalism is better than any other system. But I also believe that it has fourteen major shortcomings. I wanted to examine these shortcomings and their ramifications.

Third, I want to examine and propose solutions to each of the fourteen shortcomings that would help make capitalism perform better and benefit more people.

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