Word: capitalisme
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Some degree of business failure, to be sure, is an essential part of capitalism. There is still the inevitable weeding out of underachievers that economist Joseph Schumpeter termed "creative destruction." And no doubt many companies respond to missteps by becoming stronger. "Every company will have mistakes," says Harvard Business School...
“We see these students coming in as the next generation of foreign leaders,” Verdery said. “We need them to be exposed to the best that America has to offer—our democratic traditions and capitalism, our media, our entertainment, our...
Skip it, and go instead for Kuper's far more interesting adaptation of Upton Sinclair's 1906 novel "The Jungle" (NBM; 48 pages; $16). When first published, its exposure of the Chicago meatpacking industry's outrageous conditions created a scandal that resulted in the passage of the Pure Food and...
“People expect [the Square] to be a Williamsburg, Virginia,” Lapidus said. “[But] it’s America and it’s capitalism — what are you going to do?”
Sometimes scenarios can presage those surprises more than a decade ahead of time. In his seminal book The Art of the Long View (1991)--now part of the curriculum at many management schools--Schwartz outlined three post--cold war scenarios for the year 2005. New Empires saw the rise of...