Chimney Rock and Ute Mountain in Southwest Colorado, Feb 2011

Chimney Rock and Ute Peak in Southwest Colorado, taken Feb 9th 2011.

Friday, April 8, 2011

Capitalists concerned about Capitalism

I was heartened to find that the Managing Director (CEO in the UK) of McKinsey, one of the largest management consulting firms, has published a few videos and essays about his concerns about capitalism going a bit too far recently, and what we might do about it. (Yes, despite my recent misgivings about the direction of capitalism, I still stay on top of the best thinking in the area.)

http://www.mckinsey.com/Capitalism.aspx


And a few other CEOs have now made their own statements in response. The one from Paul Polman, CEO of Unilever is particularly well said. It seems Paul really understands the bigger and longer term issues. The guy from TIAA-CREF is clearly missing the big picture.

I also listened to a good podcast a few weeks ago on the Harvard Business Review from one of the more forward thinking guys at Harvard, Micheal Porter,(also mentioned by Paul Polman, above). Porter is on a recent mission to get capitalists to understand/agree that societal needs, not just economic needs, define markets. Here's an article about it.
http://blogs.hbr.org/fox/2011/01/michael-porter-tries-to-set-da.html

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