Global business chiefs fear poverty could destroy capitalism

Simon Mann writes that Global business chiefs fear poverty could destroy capitalism.

ncome disparity, resource depletion and potentially cataclysmic climate change were recognised by chief executives in a series of conversations conducted by Harvard [University Business School] as among the potential ‘disrupters’ of global prosperity. The financial meltdown of 2008 and, now, the Occupy movement are clear manifestations of those fears.

“And we'd expect more,” one of the authors, Joseph Bower, told the Herald. “Because people really feel outraged.”

These quotes are from Capitalism at Risk: Rethinking the Role of Business.

Marx saw Capitalism's main problem as the periodic crises. We are lurching from the 2008 GFC into the 2011/12 Euro-crisis. And then there will be the Sino-crisis followed by yet another one. Crisis upon crisis with no end in sight.

Marx says that these crises are unavoidable as they are part of the make-up of Capitalism itself.

To avoid these crises, we need to move to a better economic system: Socialism followed by Communism.