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Fixing Capitalism: Michael Porter And Robert Reich

Business guru Michael Porter and former labor secretary Robert Reich on how to fix what ails contemporary capitalism.

Traders work on the floor of the New York Stock Exchange. (AP)

Traders work on the floor of the New York Stock Exchange. (AP)

Business – American business – has been under a very critical microscope lately. On the crash, the environment, the jobless recovery and more, a country of boosters has become, widely, a country of skeptics about how big chunks of capitalism are working. Business super-guru Michael Porter says American business has brought it on itself. And it has to change. To very clearly – more clearly – create value for itself and the whole society. It’s the new way to profit, he says.

A discussion with former Labor secretary Robert Reich and Michael Porter on fixing capitalism.

- Tom Ashbrook

Guests:

Michael Porter, world-renowned expert on how companies and nations compete. He is director of the Institute for Strategy and Competitiveness at Harvard Business School, where he is a University Professor. His article “Creating Share Value: How to reinvent capitalism – and unleash a wave of innovation and growth” is the cover story of the January/February issue of Harvard Business Review.

Robert Reich, he was Secretary of Labor under President Bill Clinton. He is now a professor of public policy at the University of California at Berkeley. His books include “Supercapitalism: The Transformation of Business, Democracy, and Everyday Life” and “Aftershock: The Next Economy and America’s Future.”

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Aug 28, 2015
WDBJ-TV7 meteorologist Leo Hirsbrunner, right, wipes his eyes during the early morning newscast as anchors Kimberly McBroom, center, and guest anchor Steve Grant deliver the news at the station in Roanoke, Va., Thursday, Aug. 27, 2015. Reporter Alison Parker and cameraman Adam Ward were killed during a live broadcast Wednesday, while on assignment in Moneta. (AP Photo/Steve Helber)

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Lightning first ignited the Meadow fire on July 20, 2014 in Yosemite. By September 8, the fire had charred 2,582 acres. Bernie Krause has recorded soundscapes of national parks destroyed by large areas of forest fires. Listen below.  (National Park Service)

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Aug 28, 2015
Lightning first ignited the Meadow fire on July 20, 2014 in Yosemite. By September 8, the fire had charred 2,582 acres. Bernie Krause has recorded soundscapes of national parks destroyed by large areas of forest fires. Listen below.  (National Park Service)

A legendary natural sound collector shares his recordings. We’ll listen in.

 
Aug 28, 2015
WDBJ-TV7 meteorologist Leo Hirsbrunner, right, wipes his eyes during the early morning newscast as anchors Kimberly McBroom, center, and guest anchor Steve Grant deliver the news at the station in Roanoke, Va., Thursday, Aug. 27, 2015. Reporter Alison Parker and cameraman Adam Ward were killed during a live broadcast Wednesday, while on assignment in Moneta. (AP Photo/Steve Helber)

A deadly shooting on live TV. Wall Street’s roller coaster ride. Biden considers a White House bid. 10 years since Katrina.

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