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The Battle for the Soul of Capitalism,
by John C. Bogle.
Within a
capitalist economic system, markets (i.e., the interplay between
millions of consumers and thousands of businesses) ultimately make the
important decisions concerning how resources are allocated and
compensated in order to pursue society's goals. At least, that's the
way capitalism is supposed to work. However, a disconnection seems to
have grown between the interests of business owners (shareholders) and
those of the business executives who work for owners. This has resulted
not only in entrenched, frequently overcompensated managers, but also in
a decline in American productivity and competitiveness. Bogle addresses
the separation of ownership and control problem in American capitalism
and makes his case for adjustments to move us back to a more productive
form of capitalism. |
ISBN:
0300109903
Format:
Hardcover, 288pp
Pub. Date: Nov
2005
Publisher:
Yale
University Press
"A great, readable, and important
book...[A] hard-hitting and entertaining analysis of how corporate
America nearly derailed American capitalism."
Arthur Levitt |
