February 04, 2013
Harvard Business Review: Can business leaders work to address problems inherent in the system?
- Top 1,000 Companies Wield Power Reserved for Nations: "Globalization has concentrated economic power within a group of large companies who are now able to change the world at a scale historically reserved for nations. Just 1,000 businesses are responsible for half of the total market value of the world's more than 60,000 publicly traded companies. They virtually control the global economy."
- Business Needs to Do What Government Can't: "How easy is it to change a flawed economic or governance system, such as our current 1.5-planets-and-counting forms of capitalism? Most of us would say it's exceptionally hard, particularly when power is concentrated in a few incumbent companies with deeply rooted vested interests. The financial crisis is a prime example of too few people holding the reins."