Is Capitalism, as Seen by Enterpreneuers now, Good or Bad?
Is Capitalism, as Seen by Enterpreneuers now, Good or Bad?
Is Capitalism as Seen by Enterpreneuers now Good or Bad - To learn more about this author, visit Bruce Razban's Website.
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Capitalism is good, and bad! It is bad right now, because it is in bad need of ammendments in view of the serious financial problems in US, and the world for that matter. Do not get me wrong, Capitalism, is still better than other isms. It is good because it is based on free market concept and it is especially potent when it is based in a free democratic society like US and West in general. However, there has been a major revolution. This revolution is by far bigger than the industrial revolution. This revolution is the the advent of the Internet that has given extreme power to human capital (as opposed to the potential "things" Capital of the traditional thinking). Internet, with its information available instantly and everwhere has been a game changing effect. As we seen with the collapse of the real estate values, "things" capital is a defective measure of the real worth. The most important property any small business or majoe corporation has is in the intellectual property that human capital can provide. Unlike "things" capital human capital is limit-less, in other words, sky is the limit with it. Yet many of our business schools are not training managers who can really understand and work with Human Capital. In fact, many industries, small or big have failed harnessing the INternet revolution. Human capital, is what makes, or breaks a company!
Is Capitalism as Seen by Enterpreneuers now Good or Bad - To learn more about this author, visit Bruce Razban's Website.
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