Liberal capitalism harbours two harmful seeds of self-destruction; rising inequality and, as latest occasions have demonstrated, a tendency for markets to spiral out of control. This book attributes each of them to elementary flaws in capitalism's foremost financial agent, the large, CEO-led, limited liability joint stock company. It explains why the flaws developed, describes how they threaten the liberal capitalist consensus and suggests some steps firms may take to reform themselves and enhance their adaptation to immediately's environment.
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