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Strategic Capitalism: The New Economic Strategy for Winning the Capitalist Cold War Hardcover – August 21, 2012

4.7 out of 5 stars 3 customer reviews

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Editorial Reviews

About the Author

Richard A. D’Aveni has been named among the top 25 business thinkers in the world by CNN, Forbes, the (London) Times, Harvard Business Review, and The Times of India based on the rating of the Thinkers50. Author of the bestselling book Hypercompetition, he is the Bakala Professor of Strategy at the Tuck School of Business at Dartmouth College and a winner of the prestigious A. T. Kearney Award for his research.

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Product Details

  • Hardcover: 304 pages
  • Publisher: McGraw-Hill Education; 1 edition (August 21, 2012)
  • Language: English
  • ISBN-10: 0071781161
  • ISBN-13: 978-0071781169
  • Product Dimensions: 6.3 x 1.1 x 9.3 inches
  • Shipping Weight: 1.4 pounds (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #785,772 in Books (See Top 100 in Books)

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Top Customer Reviews

Format: Hardcover Verified Purchase
I recommend this book be read by all our political and business leaders. It was well researched and written in a manner that was easily understood and believeable. As well, in further research of the fundamental concepts and the application of the strategies presented by D'Avini, only on a smaller scale, it is quit clear they could have a positive impact on both our national economy as well as those of the institutions of the USA, not to mention our position of influence in the global economy. Competing with and counter-balancing the global influence of China will be no small task! We have a lot of work ahead of us. This book provides a framework to get started.
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Format: Hardcover
Author d'Aveni describes how the new 'economic cold war' began, how the best competitors utilize managed capitalism (government and business working together), and what America will lose if it doesn't act soon. The Forward is by Daniel DiMico, Nucor CEO, and also is noteworthy. Mr. DiMico asserts that we are losing the trade war with China - it has already cost us millions of jobs, thereby devastating our middle class and government at all levels. He contends we need to enforce existing trade laws and agreements to right things. Second, he contends we need a national industrial strategy to replace the wishful thinking that a service-based economy can replace manufacturing as a wealth-creating engine. (Manufacturing used to be 30% of GDP, now it's at 9.9% - recommends 20%.)

Traditional American capitalism has become outdated. We have tied our hands and closed our minds - sticking to politically correct discussions. It makes no sense for a nation to maximize stockholder wealth transferring jobs and capital to foreign markets, leaving one's own people without jobs and unable to pay their mortgages. This is the equivalent of milking a mature nation (the U.S.), risking its ultimate survival. We need to stop accepting our weak economy as the 'new normal,' stop being distracted by wars, terrorism, gay marriage, etc, stop relying on theories encapsulating what used to work, stop focusing on the short term, stop believing that Free Trade with China, Mexico, etc. is not a mostly win-lose proposition, and stop predicting (hoping) that China's economic miracle will not last.
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Format: Hardcover Verified Purchase
A good review of capitalism and the changes needed to lead to a stable world. Howeever it doesn't give credit to China and Russia for their development of "Champions of the State" which is the same as the author's recommendation for more focus on corporate control of world trade.
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