Charles Handy article exploring the necessity of investment in human capital for the future of capitalism and democracy. Handy begins the article discussing the thought of Francis Fukuyama, whose argument that the combination of capitalism and democracy would never be replaced made him into a global guru. He proceeds to note how the argument in Lester Thurow’s new book, which states that capitalism is dangerously situated and about to topple--much like powerful earthquakes have leveled cities--needs to be taken into consideration as a counterargument to that of Fukuyama. Handy goes on to argue that capitalism is driven by consumption and self-interest but fueled by investment and a government-induced welfare system, and that, as the future increasingly becomes the present, the investments that will be needed are beyond the scope of business. He connects the lack of investment to democracies being notoriously short-term, and offers three possible scenarios for outcomes, his most optimistic scenario being that a leadership group will arise that can present a vision, a set of goals, which a nation will consider worthy of sacrifice for.
Handy, Charles B Fukuyama, Francis Capitalism Berlin Wall, Berlin, Germany, 1961-1989 Thurow, Lester C Massachusetts Institute of Technology Kennedy, John F. (John Fitzgerald), 1917-1963 Marshall Plan GI Bill
Source
Charles Handy article exploring the necessity of investment in human capital for the future of capitalism and democracy, 1996; Charles Handy Papers; Box 20, Folder 11; 1 page
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