The New Capitalist Manifesto: Building a Disruptively Better Business
So many companies dream up schemes to squeeze out a few more pennies...rather than define something that will have real value to customers and real positive impact on society. (This, by the way, applies as much to the nonprofit world as to the for-profit world.) That's old capitalism, and it's associated with dying companies. The new capitalism creates real, sustainable value.
For a while now, I've been wracking my brain to try ...more
However, I couldn't help but feel uneasy over the pollyannaish treatment of his exemplar companies. There's a brief admission near the end that those companies (Google, Nike, Wal-Mart, etc.) aren't perfect, but I think that really falls short. Those and any company are still engaging in bare knuckle 20th century st ...more
1) Haque directs us to pursue loss advantage through value cycles that connect outputs/waste back into our inputs.
2) He advocates for responsiveness through value conversations with consumers rather than "make it and push it out."
3) He calls for ...more
The first: that we've been given over to a plutocracy. Probably not a surprise.
The second: that we have buried the costs of things so we can buy 99 cent hamburgers. (But we truck water to the great plains states, to get the price of beef down.)
This does talk about sustainability in a way that Radians could agree with - that we have to do things different/better for our own good, and that our institutions have ...more
For someone who is just beginning to think about the shortcomings of ca ...more
I've never been one to conform, and Havas Media Lab Director and HBR blogger, Umair Haque isn't either. The radical re-imagining of economics and capitalism he proposes in The New Capitalist Manifesto is an idea for the 21st Century, rising out of the ashes of a still-burning post-Industrial economy. Illustrating his new economics through comparisons between old economics (and the companies living off it) and the new "betterness"-based economics, Haque argues extensively and convincingly that wh...more
Capitalism as it’s functioned for last few hundred years is morally bankrupt and, more importantly, no longer works. Capitalism needs to be reinvented. And, in its new shape, it will help power a new generation of growth – but in a sustainable and long-term manner. This book – as a manifesto – outlines what needs to be done to ensure that this transformation occurs.
He has also recently been awarded a place on the prestigious Thinkers50 list, the premier ranking ...more
Sounds great! I've been wondering for a long time how to force producers and consumers to become responsible for those externalities. For exam ...more
Here, he argues for a new way of doing business that provides value in a rich and organic way, rather than hustling out low-cost, low-quality products for the sake of this quarter's bottom line. He makes a persuasive case, and ...more
Haque argues against the, still prevailent, management practices of the last century. A focus on short-term monetary earnings, unsustainable exploitation of resources and destruc ...more
Also, I believe in what Haque is arguing in this book. Basically, we have to start calculating in long-term effects when we think about businesses. Not necessarily because everyone's really into reusable shopping bags these days, but because the worl ...more
Specifically, the idea that economics and capitalism can be flawed due to a failure to include various aspects of cost is both an obvious and underrepresented view. To the extent that this book talked about companies that were starting to look at those missed measurements and using that to drive a new competitive advantage, I think it provided useful food for thought.
On the other hand, I didn't ...more
Not that it was bad, but he repeated himself often AND used far more bold and italics than I like to typically see in books, which was extremely distracting to me.
The content is quite good, however. I bet he could have written half as much and made a better point.
Sadly, most of the people who need to read this won't, as it talks mostly about how the industrialists and old-school capitalists are doing ...more
It's hard to be one of the first ones to write on an important topic that hasn't yet developed so I commend Umair for writing it and look forward to future books on the same topic from him.
I left the book feeling the only way people do some parts of business 'right' is by making up for it elsewhere in reaping profits or cutting costs elsewhere, i.e. doing business 'wrong'.
This would have been a 5 star 50 page essay that I would happily have paid for as a Kindle Single, but instead it's an florid, annoyingly repetitive, stretched-out book.
I am teetering between a 3 and 4 star rating, but gave it four because I think more people should read it.
I'd recommend reading it to anyone, regardless of the annoyingly long form.