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Capitalism and Crises: How to Fix Them
The world is encountering multiple crises - climate, droughts, floods, energy, food, and pandemics, to name a few. We have a problem, this is the solution.
Capitalism and Crises is about how capitalism can fix them - how it can solve not cause them. The reason why it has caused them is that we have misconceived the nature of our capitalist system. We have failed to understand the key institution at the heart of it - business - and as a result we have allowed it to cause as well as solve problems. This book describes why this has happened and what needs to change to address it will take you through how the capitalist system operates, where it fails and why, and it will demonstrate that at the core of the problem is the key driver of capitalism and that is profit - the way in which we resource and reward those who run the system.
Currently, profit comes from causing as well as solving problems. It must not, if we are to prevent the problems. Drawing on history, philosophy, psychology, and biology as well economics, law, and finance, Mayer describes what has gone wrong, what needs to change, and how to fix it. He sets out the big challenges that capitalism must address and how it should set about doing that, and discusses how financial institutions should be at the heart of this, and how the public sector can work with the private on a common purpose of solving problems and creating shared prosperity. Capitalism and Crises provides an inspiring and motivational roadmap of how we as practitioners, policymakers, consumers, employees, communities, students, and citizens of the world can together tackle the challenges of the 21st century - to flourish and survive.
Capitalism and Crises is about how capitalism can fix them - how it can solve not cause them. The reason why it has caused them is that we have misconceived the nature of our capitalist system. We have failed to understand the key institution at the heart of it - business - and as a result we have allowed it to cause as well as solve problems. This book describes why this has happened and what needs to change to address it will take you through how the capitalist system operates, where it fails and why, and it will demonstrate that at the core of the problem is the key driver of capitalism and that is profit - the way in which we resource and reward those who run the system.
Currently, profit comes from causing as well as solving problems. It must not, if we are to prevent the problems. Drawing on history, philosophy, psychology, and biology as well economics, law, and finance, Mayer describes what has gone wrong, what needs to change, and how to fix it. He sets out the big challenges that capitalism must address and how it should set about doing that, and discusses how financial institutions should be at the heart of this, and how the public sector can work with the private on a common purpose of solving problems and creating shared prosperity. Capitalism and Crises provides an inspiring and motivational roadmap of how we as practitioners, policymakers, consumers, employees, communities, students, and citizens of the world can together tackle the challenges of the 21st century - to flourish and survive.
- GenresEconomicsNonfiction
336 pages, Hardcover
Published January 11, 2024
17 people are currently reading
177 people want to read
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Displaying 1 - 2 of 2 reviews
February 12, 2024
Colin Mayer’s premise,
‘Profits should be the product of solving not producing problems and the purpose of business is to profit from producing solutions not problems for others. In other words, the purpose of business is to produce profitable solutions for the problems of people and planet, not profiting from producing problems either. Profits then come, as they should do, from producing solutions not problems.’
Well that makes sense 👍🏻 Please read and let’s make system change a priority.
My first recommended read of 2024.
‘Profits should be the product of solving not producing problems and the purpose of business is to profit from producing solutions not problems for others. In other words, the purpose of business is to produce profitable solutions for the problems of people and planet, not profiting from producing problems either. Profits then come, as they should do, from producing solutions not problems.’
Well that makes sense 👍🏻 Please read and let’s make system change a priority.
My first recommended read of 2024.
Read
January 21, 2024‘Mayer has armed up one last time to reclaim the original notion of “profit” as a way of progressing and advancing, and not just a source of financial benefit’ - my review for the Financial Times
https://on.ft.com/4919ySc
https://on.ft.com/4919ySc
Displaying 1 - 2 of 2 reviews