Business at a Crossroads

Liberal capitalism harbours two dangerous seeds of self-destruction; growing inequality and, as recent events have demonstrated, a tendency for markets to spiral out of control. This book attributes both of them to fundamental flaws in capitalism's main economic agent, the large, CEO-led, limited liability joint stock company. It explains why the flaws developed, describes how they threaten the liberal capitalist consensus and suggests some steps companies could take to reform themselves and improve their adaptation to today's environment.