Can we save Capitalism or should we save the world?
Capitalism has a problem. This is rather universally believed, with the main dispute being what that problem is. For many capitalists, the problem is an image problem or perhaps a more substantial problem to do with endless restructuring & staff reductions, outsourcing, commoditisation, price competition driving down wages, declining innovation and slow profit growth. Others think capitalism is under siege – with social problems de-legitimising business i.e. businesses have lost their ‘social contract to operate’ leading to social unrest and popular movements against capitalism. However, capitalists tend to suggest a tweeking of capitalism is required rather than a wholesale system change: i.e. there is simply a need to re-invent capitalism. At least four of these “re-inventions” are currently blossoming in the NZ context: Shared Value - which proposes to transform social problems relevant to the corporation into business opportunities, thereby contributing to the solving of