THE VALUE OF EVERYTHING

Who really creates wealth in our world? And how do we decide the value of what they do? At the heart of today's financial and econom ic crisis is a problem hiding in plain sight. In modern capitalism, value-extraction - the siphoning off of profits, from shareholde rs' dividends to bankers' bonuses - is rewarded more highly than value-creation: the productive process that drives a healthy econom y and society. We misidentify takers as makers, and have lost sight of what value really means. Once a central plank of economic tho ught, th...[Llegir més]