Capitalism is so broken it can’t be fixed
By Paul B. Farrell
Feb. 23, 2013
SAN LUIS OBISPO, Calif. (MarketWatch) — Clayton Christensen, one of the world’s brilliant minds on business innovation, believes capitalism is broken. Needs a fix.
But look closely at his three innovations for saving capitalism. He’s really talking about saving America from a broken political system that was broken by capitalists. What if it’s the other way around? If capitalism is America’s biggest problem, why save it?
This story begins with Andy Grove. He once held up Christensen’s 1997 book, “The Innovator’s Dilemma,” at a Las Vegas Comdex trade show and said it was “the most important book I’ve read in 10 years.” Why? Solving the “innovator’s dilemma” helped Grove build Intel into what’s now a $100 billion semiconductor giant.
But when the new “A Capitalist’s Dilemma” is published next year is there a new Andy Grove in Washington to endorse it?