Free market capitalism is one of humanity’s greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilising society as wealth rushes to the top. The time for action is running short. Rebecca Henderson is an economist, and one of the world’s most influential thinkers in economics, psychology, and organisational behaviour. She is the John & Natty McArthur University Professor at Harvard and for more than thirty years, has worked with some of the world’s largest organisations around purpose-driven capitalism and the role that business leaders at every level can play in reimagining our current system. In her seminal book, Reimagining Capitalism, she debunks the worldview that the only purpose of business is to make money and maximise shareholder value. She shows that we have failed to reimagine capitalism so that it is not only an engine of prosperity but also a system that is in harmony with environmental realities, striving for social justice, and the demands of truly democratic institutions. In this exclusive interview, I spoke to Rebecca Henderson on whether our system of capitalism is broken and what can be done to re-imagine it for a better future.
A Conversation Rebecca Henderson – Professor, Author and Authority on Reimagining Capitalism