Where the capitalism is heading? - THE AMERICAN WAY

Obama economic stimulus plan is the main concern for U.S right now.
Besides the cruel conflict in Gaza the people are analizing how this plan will affect the live of any american and each citizen of the world.
Several public figures agree with the plan:
Tim O´Reilly (the founder and CEO of the biggest technological publisher, said in his twitter: "Letter detailing Obama's Reforms to Troubled Asset Relief Program sounds promising"
Ben Bernanke (FED CHAIRMAN) said on a conference at London, 13 of January :"A mammoth stimulus package being crafted by President-elect Barack Obama could give the economy a much-needed lift, but other steps must be taken to bolster the wobbly financial system and for any recovery to stick"

The question many people is asking could be: Does the Obama plan will boost the economy and help me to get out of this crisis?

Right now, the economist have great contradictions and making predictions is foolish.
But, we can put attention to what Bernanke said in that conference: "History demonstrates conclusively that a modern economy cannot grow if its financial system is not operating effectively."

Even if you agree or not with Bernanke policies, we should get into the global debate about the world financial system and the future of Capitalism.

The crisis has shown the weakness of the actual financial system, many experts, think tankers, policy writers and economist are reviewing the Capitalist system and proposing a readaptation or change of the system that has held the world to this crisis.

In a series of articles, we will try to abstract the opinions of some global leaders from different nations and cultures, that will give a broader vision of the problem and the solutions offered to change the Global financial system.

We start with America.

THE AMERICAN WAY

Almost one year ago, in that time Microsoft chairman, Bill Gates, was at Davos Forum, discussing about what he call the "Creative Capitalism".
After that, many people have created forums and debates discussing Gates proposal, now we offer the Key points of his "Creative Capitalism"

When Harvard Business School was celebrating their first century of creation, several figures were invited to speak at the 2008 Harvard Business School summit, and one of them, LAWRENCE SUMMERS, who was Harvard president and now the Director of National Economic Council for president elect Barack Obama; gave an interested speech about "The future of Market Capitalism".

In 1889, Andrew Carnegie (considered the second richest man in human history by FORBES in 2007 and the revolutionary entrepreneur of the steel sector, also known for his philantropic activities such the creation of the national library system, the building of the "Carnegie Hall" and the founding of Carnegie Mellon University (CMU). Wrote an article about the Capitalism, the distribution of wealth and the future of the philantropy entitled : "Wealth".

This 3 differente characters, from different backgrounds could give us a different approach to financial system in The American Way.



P.D ; Wait for the next article entitled "The reborn of the dragon"