Article by Charles Handy on the negative effects of too great an emphasis on competition in American and British society. Handy begins the article exploring how competition is an essential part of any social or economic system, understanding that competition generates energy, rewards winners and punishes losers and therefore functions as the fuel for the economy. He proceeds to discuss the effect of competition on the individual employee in the workforce and how the individual has become too focused on personal gain and profit in the short-term at the expense of company longevity and individual fulfillment in the long run. This self-centered focus, he notes, may, in a broader sense, contribute to the withering away of objectivity and sensitivity when assessing the global market. In the end, Handy recommends that industrialized, capitalist societies recognize the flaws in capitalism and keep its virtues in perspective.
Handy, Charles B Capitalism Keynes, John Maynard, 1883-1946
Source
Article by Charles Handy on the negative effects of too great an emphasis on competition in American and British society, 1997; Charles Handy Papers; Box 15, Folder 1; 3 pages
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