The financial crisis is hammering the foundation of global society and the effects are increasing in rate and force on a daily basis. Like a bolt from the blue, we have been rudely awakened from the dream of everlasting prosperity. The time in which shareholder value was the only worth has come to an end. With hindsight, we have to ask how we could ever have believed that an economy founded solely on one pole -shareholder value - could be more stable than one built from a tripod of customers, employees and shareholders. Perhaps this mindset took hold in the wake of the collapse of communist regimes which indisputably proved the superiority of capitalism.
展开▼