Transformando el Capitalismo (Transforming Capitalism)

10 Pages Posted: 18 Sep 2017

See all articles by Michael Pirson

Michael Pirson

Fordham University - Graduate School of Business Administration; Harvard University; Humanistic Management Network

Ulrich Steinvorth

University of Hamburg

Claus Dierksmeier

Global Ethic Institute; Humanistic Management Network

Carlos Largacha-Martinez

Humanistic Management Center; Humanistic Management Network; Fundación Universitaria del Área Andina

Date Written: August 28, 2017

Abstract

Spanish Abstract: Durante mucho tiempo, el capitalismo ha tenido una mala reputación, y no solamente en los países con tendencia comunista. El discurso público en continentes tales como Latinoamérica y África ha sido muy crítico respecto al modelo de negocio anglo sajón. Sin embargo, lo novedoso, es que con el nuevo milenio, el descontento con el capitalismo parece haberse globalizado. De igual manera, en culturas anglosajonas, los primeros baluartes de la propiedad privada, el libre comercio y los mercados desregularizados, junto con el capitalismo accionista, han provocado protestas extendidas que unen ciertos enemigos ideológicos tales como el partido del té y los movimientos de la toma de Wall Street. Mientras que la izquierda política, culpa al actual capitalismo accionista por la creación de una sociedad desigual e injusta, la derecha política culpa al capitalismo clientelista y a la conspiración de las elites políticas y económicas generadas a causa de la crisis financiera y los niveles insostenibles de endeudamiento. A principios de 2014, incluso The Economist, un partidario fiel del liberalismo económico y del libre mercado, denunció, en su portada, las formas actuales de capitalismo y llamó a los mercados emergentes de Roosevelt a intervenir. El statu quo global, al parecer, encuentra menos defensores, y cada vez más detractores. Es el momento, por lo tanto, de hacer un balance de esta crítica globalizada y buscar alternativas al sistema económico actual.

English Abstract: Capitalism has long had a bad reputation, and not only in the former communistic countries. The public discourse on continents such as Latin America and Africa has long been very critical of Anglo-Saxon style business. What is novel, however, is that with the new millennium, the discontent with capitalism seems to have become global. Even in Anglo-Saxon cultures, the former bastions of private property, free entrepreneurship and deregulated markets, shareholder capitalism has sparked widespread protests that unite such ideological foes as the tea party or the Occupy Wall Street movements. While the political left blames current shareholder capitalism for creating an unfair and inequitable society, the political right blames crony capitalism and collusion of the political and economic elites for the financial crisis and unsustainable levels of debt. In early 2014, even The Economist, a stalwart of economic liberalism and free markets denounced current forms of capitalism on its front page and called for emerging-market Roosevelts’ to intervene. The global status quo, it appears, finds ever fewer defenders, and ever more detractors. It is high time, therefore, to take stock of this globalized criticism and to look for alternatives to the current economic system.

Note: Downloadable document is available in Spanish.

Keywords: Humanistic Management, Capitalism, Economic systems, Transformation

JEL Classification: J00, M00, H00

Suggested Citation

Pirson, Michael and Steinvorth, Ulrich and Dierksmeier, Claus and Largacha-Martinez, Carlos, Transformando el Capitalismo (Transforming Capitalism) (August 28, 2017). Available at SSRN: https://ssrn.com/abstract=3028065 or http://dx.doi.org/10.2139/ssrn.3028065

Michael Pirson

Fordham University - Graduate School of Business Administration ( email )

1790 Broadway 1147
New York, NY New York 10019
United States

Harvard University

1875 Cambridge Street
Cambridge, MA 02138
United States

Humanistic Management Network ( email )

St. Gallen
Switzerland

Ulrich Steinvorth

University of Hamburg ( email )

Allende-Platz 1
Hamburg, 20146
Germany

Claus Dierksmeier

Global Ethic Institute ( email )

Waldhäuser Strasse 23
Tübingen, 72076
Germany

Humanistic Management Network ( email )

St. Gallen
Switzerland

HOME PAGE: http://www.humanetwork.org

Carlos Largacha-Martinez (Contact Author)

Humanistic Management Center ( email )

Sankt Gallen
Switzerland

Humanistic Management Network ( email )

St. Gallen
Switzerland

Fundación Universitaria del Área Andina ( email )

Carrera 14A No.70 A-34
Bogota, Cundinamarca
Colombia

HOME PAGE: http://www.areandina.edu.co

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