One thing is certain: for all the virtues of capitalism -and there are still some real ones- the market no longer has all the answers to all the problems. We move more quickly from one crisis to another, and major sins -and there are some- are not addressed.
- Has the nature of capitalism changed?
- Can the system answer all issues?
- Which virtues of free markets (should) remain?
- What are the seven deadly sins of capitalism? (in pictures)
- How can and will capitalism adapt?
- Are there any alternatives? (in pictures)
What do Adam Smith, AIG, Madoff, GM, Bob Dylan, Dubai, Japan, UBS, and Belgian beers have in common? They are all cited, among many other (in)famous names, in "The Seven Deadly Sins of Capitalism".
Book Tags
CapitalismSinsGrowthFinancial crisisShort-termismProgressiveShareholder valueFree marketCSRKeynesBanking sectorGlobalizationDemocracyFriedmanIcelandicPolicy alternativesAdam SmithROEM and AsTINALiberalismRegulationGreedU.S. economyEnronGDP
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Book readers say
"A timely book... Good guidance to find a proper way out of the crisisis"Sergio Arzeni, OECD Centre for Entrepreneurship; Head, LEED Programme
"A series of books in recent years have set out the thesis behind Cable-nomics. None of the authors can remotely be described as “reds”. ‘The seven deadly sins of capitalism’ sets out how capitalism has changed over three decades since the Thatcher / Reagan revolution. He calls for “reinvention policies” including greater regulation of consolidations and mergers; healthy competition; employee buyouts; economics of scope; innovation; long-term returns; and greater sustainability."
Left Foot Forward, a political blog for progressives (Great Britain)
"An important book, well written, handy and very interesting in terms of information, figures and perspectives on the flaws of modern capitalism. Especially the greed upstreams and the impacts of ‘sins’ on democracy, the forgotten workers, wildlife, conservation values regarded as downstreams."
Louise König, corporate responsibility consultant at Solberg (Sweden)
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“The eurozone crisis is a hybrid result of the sins of financial capitalism and the fallacies of European bureaucracy. It’s time for the economies, economists and economics to break away from short-termism, and for Europhiles to admit the dream is over.”(Mike Guillaume). Read more.
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