The FT has launched a provocative new series called Capitalism in Crisis. At TomorrowToday we’ve been pointing this out for the past ten years and helping leading companies find solutions. We are excited that the general mass media is at long last catching up. Building momentum in change is always hugely important. There is still a lot to do, this is a massively important debate.
Here are a few links to very useful resources that we have developed to help leaders navigate through Capitalism in Crisis:
Michael Porter also wrote an excellent article in the Harvard Business Review exactly a year ago called Rethinking Capitalism in which he wrote “The capitalist system is under siege. In recent years business increasingly has been viewed as a major cause of social, environmental, and economic problems. Companies are widely perceived to be prospering at the expense of the broader community.”
Michael Porter is actively involved in promoting the concept of CREATING SHARED VALUE (CSV) as a new business model for capitalism (we think this concept is great).
One of the best examples of CSV in action is Nestle and you can read more about what Nestle is doing on their creating shared value website. There are hundreds of case studies and examples of how Nestle is rewriting how capitalism is done.
Here are our top 10 most important articles that we have written on the subject of Capitalism in Crisis over the past few years
- Is China the most capitalist government in the world?
- Michael Porter presenting on the new role of business
- 25 Trends That Will Change the Way You Do Business
- Making Profits with Purpose Gains Momentum
- Capitalism is under siege, there is an exciting solution for business leaders
- Nestle ecolaboration, leading the pack in sharing value
- Creating Thicker Customer Experiences
- Creating Shared Value is driving innovation and growth at GE
- The New Business SCRIPT: new article in Motivated Magazine
- Rethinking Capitalism – paring profits with purpose
So is capitalism in a crisis? The answer is YES, it has been for a long time. The exciting thing though is that there are some excellent hard nose businesses that are redefining the rules as this debate rages. We are living during an exciting tipping point when the new rules for capitalism are being rewritten. This is a brave new world when many of capitalism icons and dogmas will disappear over then next decade. At TomorrowToday we are not anti-capitalism, but we do believe it can become a much better model. Well done FT on raising the profile of this very important subject.