Harvard Business Review, January 2012
Capitalism remains the most powerful, flexible, and robust system for driving broad-based prosperity and enhancing quality of life. But keeping capitalism on track will depend on our ability to rethink the priorities that guide everyone in the system, from entrepreneurs to regulators to investors.
Harvard Business Review, April 2010
Companies have long prospered by ignoring what economists call externalities - the various impacts that a business has on its broader milieu but is not obliged to pay for. (Pollution is the classic example.) Now, companies must adopt a very different stance. The best companies don't react defensively but apply their energies to mitigating the problems they contribute to.