By Charles Hampden-Turner, co-author of Nine visions of capitalism.
Unhappy is the economy which cannot distinguish the making of money from the creation of wealth for these are not the same. While creating wealth includes the making of money, the latter is a more narrow activity which can and does in many cases exclude the creation of wealth. (Read more)
This morning the FTSE plunged as the Chinese economy fell, putting investors around the world on a knife edge. Not since 2007 has there been such a drastic drop in global stock prices.
For many years, since the fall of Mao, the Chinese economy has flourished. It has been a great hybrid of ‘capitalism and communism’ as suggested in Charles Hampden-Turner and Fons Trompenaars’ riveting new book, Nine visions of capitalism. (Read more)
Earlier this month, emerging political candidate Bernie Sanders called out the top CEOs in America and asked them to account for their actions. It’s a familiar story, the Fat Cats on Wall Street engage in illegal activity, make exorbitant amounts of money, and then let other people deal with the consequences (if you’ve seen The Wolf of Wall Street, you’ll know what we’re talking about). (Read more)