An article in the current issue of Harvard Business Review, by eminent Harvard Business School economist, Michael Porter, and his business partner, consultant Mark Kramer, claims to be showing ‘how to reinvent capitalism – and unleash a wave of innovation and growth’. The secret is “Creating Shared Value”.
It criticises the ‘outdated approach to value creation [...]

The desire to return to business as usual isn’t restricted to the obscenity of bankers’ bonuses. That same desire is shared by unemployed potters in Stoke on Trent, car workers in Detroit, and the governing politicians in London and Washington who are presiding over their people’s misery.
However, for the millions in China’s (not [...]