Capitalism's Existential Crisis
Corporate America is facing an existential crisis. The rise of a socialist Democrat like Bernie Sanders would seem to prove that decades of financial meltdowns, corporate fraud, crony capitalism and an ever-growing wealth gap have seriously tarnished the image of big businesses and the bosses who run them.
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Although the overwhelming majority of executives and business leaders may have done nothing wrong but fight their way to the American Dream, the scorching anti-business rhetoric coming from the left – the relentless pounding on the “fat cat millionaires and billionaires” – has nevertheless taken its toll.
Whichever side of that growing divide you come down on, nobody would argue that it isn’t easy being a CEO these days. And the sad fact that probably half of you would respond to that statement with “no sympathy for the devil” cynicism demonstrates that a growing segment of the populace thinks capitalism stands for greed and corruption.
While some may be inclined to write this off as nothing more than a crisis of perception that will simply right itself when the political pendulum inevitably swings back from left to right, that would be a mistake for two reasons. First, that may be a long way off, and second, don’t be so sure. This trend may be here for a while. And therein lies the rub.
Whether this crisis is real or perceived is entirely irrelevant. At the point where perception causes real effects in the real world, perception is
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