Business, Featured - Written Saturday, April 24, 2010 by Don Tapscott - 5 Comments

The capitalist crisis – who does what next?

Last week’s fraud charges against Goldman Sachs were a wake-up call that trouble still lies ahead for Wall Street. With the global economy remaining stalled, the deepening jobs crisis, a looming commercial real-estate meltdown and other storm warnings of systemic problems, a wave of books dissects this greed-induced mess. Among the best are The Big Short: Inside the Doomsday Machine, Michael Lewis’s gripping blockbuster of how some smart people benefited from anticipating the implosion; Too Big to Fail, Andrew Sorkin’s meticulous detailing of the crisis’s events and players; and The End of Wall Street, Roger Lowenstein’s brutal blow-by-blow account of collapse.

Now, a new crop goes beyond these to analyze what went wrong, what were the underlying causes of the crisis and what should be done. The common conclusion is that the worst of the financial crisis may be over, but for business and government leaders the toughest days lie ahead. To save capitalism, we need to make some fundamental changes.

Who would have imagined three years ago that, in 2010, the central discussion among business and government leaders would be how to save capitalism?

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