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10 thoughts on “Confronting Capitalism

  1. Tanja Berg Tanja Berg says:

    Like anyone who has ever studied business I read Philip Kotler for marketing class I think I still have the book So when such a high profile figure writes a book like this it's a must read It also has the benefit of being concise unlike Thomas Piketty's book which remains unread on my bookshelf Philip Kotler delves into the fourteen weaknesses of capitalism1 Proposes little or no solution to persistent poverty2 Generates a growing level of income ineuality3 Fails to pay a living wage to billions of workers4 Not enough human jobs in the face of growing automation5 Doesn’t charge businesses with the full social costs of their activities6 Exploits the environment and natural resources in the absence of regulation7 Creates business cycles and economic instability8 Emphasizes individualism and self interest at the expense of community and the commons9 Encourages high consumer debt and leads to a growing financially driven rather than producer driven economy10 Lets politicians and business interests collaborate to subvert the economic interests of the majority of citizens11 Favors short run profit planning over long run investment planning12 Should have regulations regarding product uality safety truth in advertising and anti competitive behavior13 Tends to focus narrowly on GDP growth14 Needs to bring social values and happiness into the market euationEach of these topics are dealt with deftly and uickly One of the most important points is that the middle class is the driver of 70% of the American economy So if their income is reduced recession will eventually follow The top 1% do not spend their wealth on things so easing their tax burden does not help the economy Paying the undeducated working class better would also speed up the economy because every dollar earned would be put back into circulationThis is a brilliant book that everyone should read It makes a strong case for a soft capitalism rather than a free hand market Whole heartedly recommended

  2. Greg Greg says:

    Confronting Capitalism brings a fresh perspective on what capitalism is and how different variations of it are in existence in the world today It provides an overview of what the subject is about so readers who are not acuainted much with the subject will be able to understand what is being discussed This is followed by 14 chapters which correspond to the problems with this economic system and proposed solutions for each problemOne of the things that I like in this book is the simplicity in writing employed by the author I was expecting that it would include several concepts written in a way that only those who have PhDs in economics would understand Fortunately this book is written like the author is speaking to a friend who is just curious to know about this prevailing economic systemMoreover each chapter includes the proposed solutions for the different economic pitfalls provided in the book The solutions are meant to stir thinking rather than a compilation of uick fixes The problems of capitalism are not simple and therefore reuire delicate balance on whatever approach are taken to solve itOn the other hand I can say that this book is not entirely neutral When you read this book you also see the biases of the author towards several issues However I can say that the author provided justice by explaining both sides of the issues as much as possible You may never agree on some of his view points as I don't agree with some but certainly this book will make you think about the issuesAs far as to whom I would recommend this book I would say that politicians businessmen entrepreneurs lobbyists and others who have an interest in the way our economic system works should buy and read this bookOverall this is a great read The book tackles multiple issues with such conciseness that I would very much want to dig deeper and read books about the issues provided

  3. Don Don says:

    This is not some gray ponytail suggesting we tear down the system but merely to recognize that there are some issues with capitalism that have developed over time and we should be engaged in grappling with themKottler is a marketing professor and he recognizes that the maturation of the free market system has created the worlds of marketing and advertising and generally inconceivably complex concepts of shadow finance and they all add up to screwing with the invisible hand that Adam Smith told us aboutThe bottom line is that we have reached a point in which society seems to be a reflection of the worst most unsightly aspects of unbridled greed driven capitalism and there should be much than thatEssentially he breaks down what he identifies as 14 problems with capitalism income ineuality persistent poverty environmental issues for instance and makes suggestions that seem only remotely possible in our current political climate What's worse is that he wrote it before the Trumpeter and his merry band of followers took over the regulatory apparatus leaving us with no hope for the next four years although we can hold our breath for two years and see what happensYet it's such a sad state of affairs when Kottler's fundamental premise that a capitalistic society like ours with such wealth all around us should lead to a broad level of happiness and well being in its citizens comes across as an explosive political statement rather than an economic realityHe says he's a an optimist but that seems to be a bit of a stretch At least for me At least for now

  4. Alex Timberman Alex Timberman says:

    Highly distinguished Professor Kotler has written here a book reviewing some of the problems with our capitalistic system ineuality of wealth environmental damage poverty etc and offers some solutions I think while he did a very succinct and clear review over the challenges his solutions were less clear Also I think this book is entertaining if you like economics of the liberal bent but it’s not very different from the stream of other books on the topic albeit perhaps this book being clear and to the point If you have not read many books of similar ilk then you can start here

  5. Ami Iida Ami Iida says:


  6. Joe Joe says:

    Not just pointing out flawsKotler's book is not an anti capitalist screed or polemic This is an accessible summary of the flaws that have crept into modern capitalism and threaten to upend it While many books that follow this line suggest that capitalism ought to be done away with it severely restrained Philip Kotler offers 14 specific ways that our economic system needs help and ends as an unabashed fan who believes capitalism has done good than harm but and it's a big but time is not on our side

  7. Wesley Wesley says:

    Some excellent points hard truths and logical solutions will be found in this work I recommend this book to anyone who looks around them today and wonders what the heck is wrong with so many people Many of the answers are uite obvious

  8. Joseph Joseph says:

    I’m glad that the author claims to remain optimistic as he identifies and discusses fourteen shortcomings of capitalism because I was not so sanguine He’s spot on regarding the economic challenges we face; I only hope he’s as correct about our ability to overcome them

  9. Fred Benson Fred Benson says:

    “Here’s a list of all the things I don’t like about capitalism Each list is comprised of further lists which are in turn lists” No real call to action just lists

  10. Darren Darren says:

    For many Philp Kotler marketing guru and scholar par excellence needs no introduction Now his laser focussed analytical mind has been cast over the thorny economic issue of capitalismEven if you are not an economics nerd you are in for a real treat with this book that feels oh so short yet it really does cram in a lot of readable digestible information Kotler considers 14 major problems that he says undermine capitalism such as job creation debt burdens wealth disparity and economic cycles explaining clearly and patiently the issues with crystal clear clarityWe are not in a hopeless no win situation however claims Kotler pointing out that many initiatives could be implemented combining private and public efforts into a force for positive change That is the easy part Convincing those with the levers of power to put away their self interest or myopia might be something elseMany corporations wield power and influence than national governments The combined value of the world’s 200 largest companies account for about 28% of the world’s total gross domestic product GDPMany companies are effectively larger than countries when comparing revenues to GDP Wal Mart is larger than Norway Exxon Mobile is larger than Thailand and General Electric is larger than New Zealand Harnessing group think and social responsibility can be a challenge Kotler notes that because so many city state and national governments are cash poor they are selling normal government functions to private firms Where will it end? One day could there be a return to the old “company towns” but in a new guise a country effectively owned by a cabal of a few too big to challenge mega corporations?It is worthy to reproduce Kotler’s fourteen stated shortcoming of capitalism whereby he believes that capitalism proposes little or no solution to persisting poverty generates a growing level of income and wealth ineuality; fails to pay a living wage to billions of workers; may not provide enough human jobs in the face of growing automation; doesn’t charge businesses with the full social costs of their activities; exploits the environment and natural resources in the absence of regulation; creates business cycles and economic instability; emphasizes individualism and self interest at the expense of community and the commons; encourages high consumer debt and leads to a growing financially driven rather than producer driven economy; lets politicians and business interests collaborate to subvert the economic interests of the majority of citizens; favours short run profit planning over long run investment planning; should have regulations regarding product uality safety truth in advertising and anticompetitive behaviour; tends to focus narrowly on GDP growth and needs to bring social values and happiness into the market euation Ouch Where’s the good news?A further shameful damning indictment is that about five billion of the world’s seven billion citizens are either poor or extremely poor often lacking food energy education healthcare and any real prospect of a future It doesn’t need the extreme of a socialist utopia to see the ineuality whereby even a doubling of their daily income – a dollar or two – could make a real transformed difference Kotler notes that poverty pours its poison on the rest of mankind A claim that is sadly hard to deny There is no automatic correlation between economic growth and economic development Kotler shows the example of the African country of Angola where its GDP grew by 20% yet poverty increased substantially much of the higher GDP flowed into the pockets of the ruling elites and their relatives and friendsA review cannot do this book justice There’s just so much data whether it is low pay executive compensation tax laws and ineualities or even national bureaucracies Kotler cuts right the bone It isn’t pleasant reading on many levels even for someone who prides himself on being reasonably well informed about world events and happeningsWho really should not read this book at least once and digest its contents? Those who have even the remotest connection to the levers of power should be locked in a room and forced to digest Kotler’s analysis and act upon it The rest of us should use it as a means of seeking change Capitalism need not be bad It just needs a bit of a tweak here and there Are we prepared to try and get things changed? Changed before it might be too lateConfronting Capitalism written by Philip Kotler and published by AMACOM ISBN 9780814436455 256 pages YYYYY

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Confronting Capitalism ➹ [Read] ➵ Confronting Capitalism By Philip Kotler ➼ – Buyprobolan50.co.uk With the fall of the Berlin Wall one economic model emerged triumphant Capitalism—spanning a spectrum from laissez faire to authoritarian—shapes the market economies of all the wealthiest and fast With the fall of the Berlin Wall one economic model emerged triumphant Capitalism—spanning a spectrum from laissez faire to authoritarian—shapes the market economies of all the wealthiest and fastest growing nations But trouble is cracking its shiny veneer In the US Europe and Japan economic growth has slowed down Wealth is concentrated in the hands of a few; natural resources are exploited for short term profit; and good jobs are hard to find With piercing clarity Philip Kotler explains major problems undermining capitalism including persistent poverty job creation in the face of automation high debt burdens the disproportionate influence of the wealthy on public policy steep environmental costs boom bust economic cycles and Amidst its dire assessment of what's ailing us Confronting Capitalism delivers a heartening message We can turn things around Movements toward shared prosperity and a higher purpose are reinvigorating companies large and small while proposals abound on government policies that offer protections without stagnation Kotler identifies the best ideas linking private and public initiatives into a force for positive change Combining economic history expert insight business lessons and recent data this landmark book elucidates today's critical dilemmas and suggests solutions for returning to a healthier sustainable Capitalism—that works for all.