“Capitalism for the Long Term by Dominic Barton – Business leaders face a choice: They can reform the system, or watch as the government exerts control. A call to action from McKinsey & Companys global managing director.”
“The near meltdown of the financial system and the ensuing Great Recession have been, and will remain, the defining issue for the current generation of executives. Now that the worst seems to be behind us, its tempting to feel deep reliefand a strong desire to return to the comfort of business as usual. But that is simply not an option. In the past three years weve already seen a dramatic acceleration in the shifting balance of power between the developed West and the emerging East, a rise in populist politics and social stresses in a number of countries, and significant strains on global governance systems. As the fallout from the crisis continues, were likely to see increased geopolitical rivalries, new international security challenges, and rising tensions from trade, migration, and resource competition. For business leaders, however, the most consequential outcome of the crisis is the challenge to capitalism itself.”
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