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.

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Preparing for the breakthrough/calamity

Seth Godin says to stop Preparing for the breakthrough/calamity which never occurs, only that:

Products and services succeed one person at a time, as the word slowly spreads. Customers defect one person at a time, as hearts are broken and people are disappointed. Doors open, sure, but not all at once. One at a time.

Leon Trotsky writes, in his History of the Russian Revolution, that, during the build-up to the October Revolution:

At the same time, in the most faraway garrisons and the most remote parts of the front, the soldiers were speaking more and more boldly in the language of Bolshevikism, often enough never guessing it. The Bolsheviks in the regiments were only single individuals, but the Bolshevik slogans were penetrating deeper and deeper. They seemed to be coming up spontaneously in all parts of the country. (p.307)

Emphasis Mine

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