Davos Annual Meeting 2010 - Rethinking Market Capitalism

http://www.weforum.org 28.01.2010
A sudden global recession, massive government bail-outs and a steep loss of public trust in corporations have forced a re-examination of the spirit and structure of capitalism.

What elements of market capitalism should be rethought?

Herman Gref, Chairman and Chief Executive Officer, Sberbank, Russian Federation; Global Agenda Council on the Future of Russia
H.R.H. Prince Salman Bin Hamad Al Khalifa, Crown Prince and Chairman of the Economic Development Board of Bahrain
Guy Ryder, General Secretary, International Trade Union Confederation (ITUC), Belgium
Tony Tan Keng-Yam, Chairman, Government of Singapore Investment Corporation, Singapore
Ben J. Verwaayen, Chief Executive Officer, Alcatel-Lucent, France
Jacob Wallenberg, Chairman, Investor AB, Sweden; Global Agenda Council on the Future of Long-term Investing

Chaired by
William W. George, Professor of Management Practice, Harvard Business School, USA; Global Agenda Council on the Role of Business

Category:

News & Politics

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• World
• Economic
• Forum
• Annual
• Meeting
• 2010
• WEF
• Davos
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• commentary
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• Guy Ryder
• Ben J. Verwaayen
• Jacob Wallenberg
• Tony Tan Keng-Yam
• Willam W. George

[massidiot1]

Not a single word about the individual!!! The only repeated words are GLOBAL, GLOBAL GLOBAL, WE need GLOBAL... NON my friend WE NEED SOCIAL ECONOMY - WE NEED SOCIAL ENTERPRISES, WE CERTAINLY DO NOT NEED TO give more power to the powerful !!! we need to educate individuals to not need a boss...

[copperwaxwing]

Big Government..Big Problems..Toss 3/4 of the government...problem solved

[photonia2redrobin]

It's an old world with globalisation of corporates, which try to work around rules of ethics & old values such as equality & compassion & liberty, it was governed by stock market.

Shanghai truckie riots, US banning work unions, global trade extreme imbalances, inflation,deflation, crisis after crisis unresolved, we need new thinkers.

[photonia2redrobin]

It is the old world of greed but new world of coporatism. One has to accept the simple common sense that profits & coporates & capitalism are not campatible with equality & sharing. Coporates know no morals, it is not governed by it. A new world must also find solutions to extreme wealth gap, Shanghai has truckies riot, US has banned unions, inflation,deflation, the world needs a new set of thinkers.

[DJSardaukar]

These guys sound like the intellectual looters in Atlas Shrugged.

[no2globalism]

The arrogance of these people to even suggest that anyone has the right to IMPOSE a global regulatory system on a free, sovereign constitutional government and the people of the United States.

[adanieltorres]

Capitalism does not need more regulation; it needs steroids. Down the slippery slope, few people will produce enough for all other people. The only way to eliminate poverty is accepting that the few who produce will also have to provide for all others. Unconditional, daily cash distribution can eliminate poverty, reduce inequality, and reactivate the free, competitive markets. Make it illegal for anyone other than government to create money and the finance issue gets taken care of.

[truevoice08]

Why are these people talking about the future of capitalism. Capitalism died a long time ago with the policies of that fascist FDR or the New Deal.

[MarkoKraguljac]

@jjrglobal

I like plane/gravity parallel and find it very appropriate. Thanks.

[jjrglobal]

@MarkoKraguljac

Agreed. If this is the best that Davos has to offer we are screwed. This crisis is not a failure of Capitalism, its a failure of Socialism coupled with an energy shock. Blaming this crisis on greed is equivalent to blaming the latest plane crash on gravity.