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Strategic Capitalism: The New Economic Strategy for Winning the Capitalist Cold War
March 21, 2013
Make sure to read The Washington Post article, "How U.S. business can win against China".
About the Author – Richard A. D'Aveni is Professor of Strategic Management at the Tuck School of Business at Dartmouth College. He is the author of numerous articles in Harvard Business Review, The Financial Times of London, The Wall Street Journal, and the MIT Sloan Management Review, as well as the best selling book Hyper-competition, which is available in 11 languages; Beating the Commodity Trap: How to Maximize Your Competitive Position and Increase Your Pricing Power, and Strategic Supremacy. His writings are credited with creating a new paradigm in the field of strategic management based on temporary advantages employing principles of rapid and aggressive maneuvering and innovation rather than on defensive barriers to entry and power over buyers and suppliers.
About the Book – The Capitalist Cold War Has Begun
The United States and its economic allies are under attack by a force unlike any they have ever faced. China and other emerging nations are competing for markets around the world using their own versions of capitalism—and, thus far, they are winning handily.
In Strategic Capitalism, one of the world’s leading authorities on global business strategy, Richard D’Aveni, describes how the “economic cold war” began, how it is being played out now, and how the West can change the course of events in its favor.
Brilliantly conceived—and sure to ignite passions on both sides of the political aisle— Strategic Capitalism calls for an end to the economic idealism that dominates the national dialog. It also calls for a cold, hard focus on reality, which is this: government-managed capitalist systems consistently outmaneuver and outperform the traditional laissez-faire capitalism of the West.
With refreshing levels of thoroughness, knowledge, and detachment, D’Aveni describes the competitive landscape today. These are the facts:
- The world’s best competitors—with China in the lead—have adopted elements of managed capitalism, in which government and businesses work together toward a single aim.
- China’s objective is clear—to displace the United States as the world’s economic leader by becoming the global rule maker.
- If the West does not act soon, it stands to lose everything it holds most dear: financial prosperity, economic freedom, geopolitical power, national security, and even democratic values.
This is disruptive innovation on a global scale. But instead of companies using breakthrough products and brands to gain market share, nations are devising “game-changing” economic systems to seize influence over—and beyond—the global economy.
Bleak as the situation may be, D’Aveni contends that the West can reverse the trends currently tilting the global balance of power.
In order to meet the challenges of the future, America must revisit long-held assumptions about economics and economies, seriously consider radical alternative policies, and embrace the concept of Strategic Capitalism.