Umair Haque and constructive capitalism

I have long been disappointed in capitalism’s drive towards growth for growth’s sake.  I’ve usually referred to it as ‘unbridled capitalism’ as I’ve seen it as companies run amok with no regard for the long-term impact of their actions.

Now I’m not against capitalism.  I just feel like some control is a good thing.  Take banking for instance.  In my opinion, the financial collapse is a good example of what can happen when companies (or industries) are left to their own devices.  Can anyone really still argue that what AIG was offering was not insurance and therefore didn’t need some kind of oversight?  How much have we given that company?

I’m not exactly schooled in this however, and so I’m not particularly eloquent on the subject.  That’s why I especially like the comments and writings of Umair Haque.  I was recommended his blog by a former co-worker and I’ve been really drawn to Umair’s viewpoint, and his ability to express it, ever since.  He tends to talk less about regulation and more about companies and how they should behave in their own best interest.  And I totally believe that there is a benefit to this kind of thinking that most companies would realize if not for their near-sightedness (or desire/need to satisfy the short-term financial statements).  It is for these reasons that I believe some regulation is needed.

Here’s a fairly typical blog posting of his discussing the idea: The Scale Every Business Needs Now

For a more comprehensive look at what he calls constructive capitalism, check out these links that he provides.

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