Has Capitalism Reached A Turning Point?


By Steve Denning – The entrenched interests are mutually reinforcing, as society as a whole has come to accept the practices and ideology of 20th Century management as inevitable.

The C-suite is offered extraordinary compensation by their boards for implementing the practices. Business schools teach their students how do it.

Institutional shareholders are complicit. Regulators pursue individual wrong-doing rather than addressing systemic failure. Rating agencies reward malfeasance. Analysts applaud short-term gains and mostly ignore long-term rot.

Politicians, lavished with campaign contributions, stand by and watch. In such a context, it isn’t easy for any individual business leader to take a stand and say: this is simply not right.

It’s the entire society that needs to change. more> http://tinyurl.com/p4as2xl

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