The Asian financial crisis has exposed the instability inherent in globalized
capitalism. Growing inequality, the deterioration of social values and
accelerating ecological damage have also revealed the limits of today's
one-dimensional economism. A new consensus is thus forming that man cannot
live by the market alone. Governing institutions are again important -
but must now be global as well. A vigorous civil society is also necessary,
but it isn't what it used to be as postmodernity displaces any trace of
tradition. In this symposium of views, we look beyond capitalism to the
new social and political possibilities on the horizon.
Peter Drucker, America's pre-eminent management "guru,"
is author of The End of Economic Man and The Age of Discontinuity. He
spoke in February with NPQ editor Nathan Gardels.
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