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May 30 , 2010

Progress, Technology and Seven Billion People: A Solution to Save Capitalism


In a time of great economic uncertainty, "Progress, Technology, and Seven Billion People" offers real solutions for economic growth in a world of seven billion people. Today's problems aren't due to globalization, or accelerating technological change, but rather an antiquated economic system that cannot keep up with these changes. Buffington proposes a transformational approach to capitalism.

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Not many business authors have the same experience as Jack Buffington. Being a corporate leader, professor and researcher in the U.S., Europe, and Asia, and author of two provocative business titles ("An Easy Out" and "The Death of Management"), Buffington has challenged conventional wisdom regarding the economy before, and has been correct. Buffington's thesis? In an age of accelerating technological change, stop relying upon an institutional economic approach (both private and public) and embrace a peer to peer "nano" approach to provide sustainable economic conditions.

Buffington provides both a compelling and common sense explanation of this "21st century economy". Putting economic matters in the hands of the consumer/worker is a major transformation that's needed for an unstable global economy of seven billion people.

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