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TEDxLausanne Rethinking the structure of corporations Michael Yaziji
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=pvF0G76Annc
http://link.imd.org/home - Major corporations are very good at maximizing revenue capture for their owners -- but they do so by externalizing costs to society. This drives many of the fundamental problems we currently face, from environmental degradation to economic inequality. IMD Professor Michael Yaziji discusses limitations to the three current solutions to this root challenge: the free market, regulation and socialization. He also proposes a new fourth solution that deconstructs the concept of capitalism to maximize the benefits of market competition and minimize the societal impact of current systems: changing company ownership and governance structures to internalize the interests, and so create value for all stakeholders.
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