Variations on Capitalism Around the Globe - Linda Hill

Complete video at: http://fora.tv/2008/07/05/The_Future_of_the_Global_Corporation

Harvard Business Professor Linda Hill examines variations on capitalism around the world, describing an example of a mortgage company in Dubai that has been successful while staying true to Islamic traditions.

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Professor of Business Administration Linda Hill, President of Boeing International Shephard Hill, and CEO of Talisman, Inc. John Manzoni address the future of the global corporation at the 2008 Aspen Ideas Festival.

Linda A. Hill is the Wallace Brett Donham Professor of Business Administration in the organizational behavior area at the Harvard Business School, where she chairs the Leadership Initiative and serves on the faculty of the Leadership Best Practices program.

Her publications include Becoming a Manager: How New Managers Master the Challenges of Leadership. She is also the author of e-college course modules on management as well as several multimedia management development programs.

Her consulting and executive education activities are in the areas of managing change and cross-organizational relationships, globalization, career management, and leadership development. Her current projects focus on leading in emerging markets and leadership as collective genius. She serves on the advisory board of the Aspen Institute Business and Society Program.

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News & Politics

Tags:

• islam
• islamic
• law
• muslims
• dubai
• banking
• banks
• lending
• loans
• charge
• interest
• rates
• koran
• quran
• mortgages
• mortgage
• foratv
• fora.tv
• fora
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[coolwhitedude]

Customer experience=the wave of the future

[picapauengracado]

@eirefrance "The problem with his idealistically simple statement is that discrimination by govt intervention."

I have only read one of the two popular books by Milton Friedman. And it wasn't F&Capitalism, where that discussion takes place. But I very much doubt he doesn't address Jim Crow laws or union discrimination.

Anyhow Friedmans view on discrimination is pretty well shared among econ. What other econ 'd point out is that statistical discrimination is harder for the market to stamp out.

[JeanLouie1106]

How is this an example of a different type of capitalism? Capitalism is going into business for the purpose of making profits, the Islamic mortgage company is still making profit, they are just as capitalist as the western world.

[Sondre7]

Interesting video. However I fail to see how this "capitalism" is any different from western companies. What she described was a company who took courageous values and accepted the concequences of their choices. A sign of a succesful company - yes.

Another 'type' of capitalism ?? Not even close.

[eirefrance]

discrimination was eliminated by*

[eirefrance]

One of Friedman's arguments was that the civil rights act violated the employer's freedom, and that discrimination was very expensive, so that a truly free market would have no discrimination. The problem with his idealistically simple statement is that discrimination by govt intervention. Forcing people legally to associate with those they don't like makes them eventually realize they don't have a good reason for this feeling and it goes away.

[WarVideo]

The fact that you WANT tolive does nto put an obligation on me to sustain your existence. IF YOU want to live and exist in this words you have to figure out how that is done. You cant forceother people to do it for you.

[WarVideo]

Property is essential to your life because how will you survive if you do not have a right to the products of your thought and actions? If you donot have a right to property you are a slave, no actions are possible without property. To say that people have a right to a house,food, or water, for example, would mean that other people would have a right to your food your water. These things have to be produced or processed by somebody. They are not free.

[WarVideo]

First let me define what the "right to life" is and isnt. The right to life gives you the freedom to take the actions necessary to sustain YOUR OWN LIFE.That means you have the freedom to think and act and do whatever you want as long as you do not violate other peoples rights. A right to life does not mean a right to water, to food, to a house, to a vacation, it only means you have the right to produce a house, food, clean water,or whatever you need to make in order to sustain your life.

[eirefrance]

In fact, your philosophy seems to be the opposite of a right to life philosophy. The only rights you have are to use your acquired wealth to acquire what you want however you want. You have no right to expect any of life's essentials that you are unable to acquire for whatever reason. A human being, quite literally, has no right to expect to live if they fail to play the capitalist game in the correct way, right? I mean, your life is only worth as much as your purchasing power, right?