Capitalism has not kept pace with evolving societal needs, leaving more and more of the world’s population behind with respect to wealth creation and prosperity. It may be time for a change.
Is capitalism still creating prosperity and well-being for the many?, asked McKinsey & Company, in an August 2017 article featuring several Schulich School of Business faculty members, including Dean Dezsö J. Horváth. That’s a central question behind Re-Imagining Capitalism (Oxford University Press, November 2016), a book co-edited by Dominic Barton, McKinsey’s global managing partner, Horváth, Matthias Kippingand Richard E. Waugh, Chair of Business History at the Schulich School.
In the video interview, Horváth speaks with McKinsey’s Rik Kirkland about the various forms of capitalism around the world, how societal well-being is strongly linked to enhanced competitiveness and productivity, and how a new generation of students wants to ensure that economic priorities meld well with societal needs.
View the complete transcript and the video at McKinsey & Company’s website.