America is feeling pessimistic these days about its dwindling economic prospects. Some among the population are positively angry. The Occupy Wall Street movement is emblematic of a dissatisfied nation that for lack of a deeper understanding of the system, has been protesting, seemingly, against all of capitalism. Contrast this with another event and the nation’s—or
Given our extensive presence in emerging markets and the implosion of Western-style free market capitalism, the following question is becoming relevant and important: Is capitalism the right answer for emerging markets? I would like to open up the topic for discussion. Please use my recent piece Restructuring Capitalism as context, and share your thoughts on where
The following was first published as an op-ed by Sramana Mitra for Xconomy: In the fading months of 2011, we find ourselves in an uncertain world. On the one hand, America is still reeling from the 2008 financial crisis, and the nation’s faith in free-market capitalism as its guiding principle has been shaken to the core.
In my formula for creating a thriving small-business system, governments do not need to do a whole lot. But they can do a few things that could add positive momentum to the process. So I’m making some tax policy recommendations that could really bring about meaningful “change.” There are four constituencies we need to take
Even though I have been thinking about it for a while, I have taken my time to write this final piece on the Capitalism 2.0 series. Well, it is my conclusion that capitalism 2.0 needs to be rooted in value creation, somewhat distanced from the reaches of the speculators who have basically hijacked the 1.0
Sad. Really sad. The WSJ reports: “Many Wall Street chief executives took a big pay cut for 2009. But their real value may have been in deflecting attention from their troops—who enjoyed the largest collective payday on record. Across Wall Street, leading firms paid out $140 billion in compensation and benefits, the highest number in history,
You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and
Here is a summary of the posts from this past week, in case you missed them.