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The Crisis of Capitalism: An Open Debate - La crisi del capitalismo: un dibattito aperto

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  • Giacomo, Beccatini

    (Emeritus Professor of Economics, University of Florence, Italy)

Abstract

According to some Harvard economists – among whom Michael E. Porter and Mark R. Kramer – capitalism as a system is experimenting now a crisis more serious than the usual ones. They maintain that it must be faced with a deep change in the way of conceiving and doing business. Their big idea: “involves creating economic value in a way that also creates value for society by addressing its needs and challenges. Businesses must reconnect company success with social progress. Shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success”. Accordingly, companies should tailor their projects in such a way to take account ex ante of implied social costs. The authors emphasize the difference of this approach from the current practice of compensating ex post the places hit by their presence. In this comment, some practical limitations of such a project, and some implications of the approach proposed for economic theorizing, are discussed. - Nella valutazione di un gruppo di economisti di Harvard il capitalismo come sistema attraversa una crisi più seria del solito, che deve essere fronteggiata con un cambiamento del modo di fare impresa. Si tratterebbe, soprattutto per le companies transnazionali, di passare dal commisurare i loro progetti di azione ad una massimizzazione dei ricavi monetari netti su di un periodo abbastanza breve, come oggi accade, ad un approccio che contemperi ex ante i propri ricavi con i costi sociali intravvedibili. In questo commento si sottolineano alcuni limiti di tale progetto e si patrocina una soluzione più radicale del problema con lo spostare apertamente alla fase del progetto di investimento il superamento di eventuali conflitti col bene pubblico dei luoghi investiti, pur senza nascondersi i rilevanti problemi di ri-ordinamento giuridico che ne discenderebbero. Incidentalmente si nota che l’approccio suggerito implica una rimessa in discussione della teoria del valore economico oggi dominante.

Suggested Citation

  • Giacomo, Beccatini, 2011. "The Crisis of Capitalism: An Open Debate - La crisi del capitalismo: un dibattito aperto," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 64(4), pages 413-421.
  • Handle: RePEc:ris:ecoint:0629
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