Capitalism Reconsidered: What Business Can Do to Lead the Change




Commonwealth Club of California Podcast show

Summary: Peter Georgescu arrived in this country as a penniless Romanian refugee and rose to prominence as the CEO of Young & Rubicam. It’s an American dream success story that could not play out in today’s economic environment—one that is plagued with disappearing jobs, flat wages and a shrinking middle class. In his latest book, Capitalists, Arise!, Georgescu argues that the stark reality of our current economic malaise and social breakdown can be attributed, in large part, to the short-term thinking spawned by shareholder primacy. With deeply sobering statistics and new research, Georgescu points the way toward a future that will only be possible with enlightened capitalism. The author will offer concrete steps forward. MLF ORGANIZER NAME Elizabeth Carney NOTES MLF: Business & Leadership