Comments on: The two types of capitalism http://innovationzen.com/blog/2006/10/19/the-two-types-of-capitalism/ Innovation Management, Business Strategy, Technology and more! Fri, 21 Oct 2011 16:44:36 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: niblettes » Blog Archive » Learning to Fall - Tasty Little Nuggets of Design and Innovation Goodness - from Vancouver BC http://innovationzen.com/blog/2006/10/19/the-two-types-of-capitalism/comment-page-1/#comment-744 niblettes » Blog Archive » Learning to Fall - Tasty Little Nuggets of Design and Innovation Goodness - from Vancouver BC Mon, 30 Oct 2006 07:28:49 +0000 http://innovationzen.com/blog/2006/10/19/the-two-types-of-capitalism/#comment-744 [...] Last week Daniel over at Innovation Zen posted about the differences between continental and anglo-saxon capitalism. This brought up an old issue for me about the tension between open and closed systems. [...] [...] Last week Daniel over at Innovation Zen posted about the differences between continental and anglo-saxon capitalism. This brought up an old issue for me about the tension between open and closed systems. [...]

]]> By: Daniel Scocco http://innovationzen.com/blog/2006/10/19/the-two-types-of-capitalism/comment-page-1/#comment-521 Daniel Scocco Fri, 20 Oct 2006 07:21:37 +0000 http://innovationzen.com/blog/2006/10/19/the-two-types-of-capitalism/#comment-521 Very good question. Phelps answers it in the following way: "The U.S. economy might be said to suffer from incomplete inclusion of the disadvantaged. But that is less a fault of capitalism than of electoral politics". In my opinion the solution is a better balance between openness and social protection, but probably to achieve this we will need to completely review the structure of our economy. Very good question.

Phelps answers it in the following way: “The U.S. economy might be said to suffer from incomplete inclusion of the disadvantaged. But that is less a fault of capitalism than of electoral politics”.

In my opinion the solution is a better balance between openness and social protection, but probably to achieve this we will need to completely review the structure of our economy.

]]> By: John Trenouth http://innovationzen.com/blog/2006/10/19/the-two-types-of-capitalism/comment-page-1/#comment-520 John Trenouth Fri, 20 Oct 2006 01:22:39 +0000 http://innovationzen.com/blog/2006/10/19/the-two-types-of-capitalism/#comment-520 This brings up a number of philosophical conflicts I have. On the one hand I believe that open systems always ultimately trump less open systems. I furthermore believe that the US/UK/Canada have over time developed some of the most sustainably open economic systems to date. This belief is why, despite the hype, China does not worry me. China is filled with violently closed systems, politically, economically, culturally. On the other hand economic perpespectives reduce everything to a question of financial capital, and are blind to all other forms of capital. So while the Anglo-Saxon model might facilitate greater innovation and generate greater financial capital than other systems, what does it do for social capital, human capital, cultural capital? So while more open is better than less open according to some measure, is it better according the mesaures that matter most: does the dynamism of anglo-saxon capitalism make happier, better people compared with other systems like continental capitalism? This brings up a number of philosophical conflicts I have. On the one hand I believe that open systems always ultimately trump less open systems. I furthermore believe that the US/UK/Canada have over time developed some of the most sustainably open economic systems to date. This belief is why, despite the hype, China does not worry me. China is filled with violently closed systems, politically, economically, culturally.

On the other hand economic perpespectives reduce everything to a question of financial capital, and are blind to all other forms of capital. So while the Anglo-Saxon model might facilitate greater innovation and generate greater financial capital than other systems, what does it do for social capital, human capital, cultural capital?

So while more open is better than less open according to some measure, is it better according the mesaures that matter most: does the dynamism of anglo-saxon capitalism make happier, better people compared with other systems like continental capitalism?

]]>