Welcome to the worst decade since the Great Depression. Trillions of dollars of financial assets destroyed; trillions in shareholder value vanished; worldwide GDP stalled. But this isn't a financial crisis, or even an economic one, says Haque. It's a crisis of institutions--ideals inherited from the industrial age. These ideals include rampant exploitation of resources, top-down command of resource allocations, withholding of information from stakeholders to control them, and a single-minded pursuit of profit for its own sake. All this has produced "thin value"--short-term economic gains that accrue to some people far more than others, and that don't make us happier or healthier.1
Umair Haque conveys a harsh critique of the moral (ethical), social and economic (monetary) bankruptcy of 20th century capitalism. But haque goes further and distributes a bold vision, interesting framework and concrete examples of 21st century “Constructive Capitalism”.
Basically, this book is about “Institutional Innovation” instead of producing better services and products, in 21st century. From the Institutional Innovation means; reinventing management in an organization so that it delivers a systematically more value sooner instead of generating systematically services and products of dubious ecological and social value. In simple words, it’s a journey of imagination, where we will see production, consumption and exchange through new eye.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode