Capitalism with Humility

It’s pret­ty hard to pull this off, but the titans of Amer­i­can indus­try have made Her­bert Hoover look like a very wise man, at least when he said: “You know, the only trou­ble with cap­i­tal­ism is cap­i­tal­ists; they’re too damn greedy.”

But we should­n’t con­sid­er Hoover reha­bil­i­tat­ed. Not quite yet. The video clip below sug­gests that in Japan the CEOs have fig­ured out how to run their cap­i­tal­ist sys­tem with a degree of humil­i­ty. And they’re doing it vol­un­tar­i­ly. That’s a news flash that you can send to our polit­i­cal lead­ers before they fun­nel more tax­es to mis­man­aged insti­tu­tions with no real strings attached.

(A quick PS: Europe’s lead­ing philoso­pher and soci­ol­o­gist recent­ly spoke in the Ger­man press about the finan­cial cri­sis and what it means for the future of our glob­al­ized soci­ety. You can find an Eng­lish trans­la­tion here.)

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