Capitalism and Social Change: Some Thoughts on How to Change the World
Alan M. Webber, co-founder of Fast Company and former editorial director and managing editor of “Harvard Business Review,” proffers a chapter investigating the relationship between capitalism and social change. In this chapter, Webber presents some of the great ills afflicting modern mankind: environmental degradation, climate change, poverty, and war and violence. He then argues that the cause and the solution of these ills is the same: capitalism. As both communism and socialism have proved inept in obtaining what they promise, only the living, dynamic nature of capitalism is capable of responding to the aforementioned challenges. The author locates the crux of the solution in the interaction between capitalism and social problems that has resulted in social entrepreneurship and hybrid capitalism as exemplified by Mohammad Yunus, Bill Strickland, and Rosanne Haggerty.
KeywordsSocial Entrepreneurship Social Entrepreneur Business Executive Moral Authority American Today
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