Aberrant Capitalism

Erscheinungsjahr 2024
ISBN: 978-1-009-47879-3
Verlag: Cambridge University Press

Buch, Englisch, 75 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 299 g

Reihe: Elements in Reinventing Capitalism

The corporation was a timely emergent phenomenon of the capitalist system. Under entrepreneurial ownership with customer value creation goals, corporations introduced new products and services, new capital structures and new management processes capable of improving customer experiences in every facet of their lives. After entrepreneurship, the organizational model transitioned to managerial capitalism, and from there into command-and-control and central planning. Then came further transition into the era of financialization, where shareholder value replaced customer value as the purpose of the corporation. Managers diverted resources to their own enrichment as well as that of shareholders, at the expense of investment in future innovation. Capitalism's reputation has become tarnished and its purpose distorted. This Element ends with the promise of another emergent era, via the corporations of the digital age.

Autoren/Hrsg.

Hastings, Hunter

Denning, Stephen

Inhaltsverzeichnis

1. Introduction; 2. Capitalism before corporations; 3. Entrepreneurial ownership: a golden age of corporations; 4. The early twentieth century: one step forward, two steps back; 5. Post war capitalism: the age of control; 6. The age of financialization; 7. Institutionalized control; 8. Reimagination; 9. Conclusion; Epilogue.