"Under the rules of financial capitalism, corporations have become experts at extracting value — but not at creating it. Prosperity wasn't shared because 20th century organizations weren't built to share it. 20th century organizations were built to create value for shareholders, by acting "strategically" at anyone and everyone else's expense, by any means necessary: through lobbying, monopoly power, cost-shifting and hiding, or, most recently, trillions in bailouts.
"Who is it that organizations have become experts at extracting value from? It's, well, the rest of us: society. Whether as employees, taxpayers, or consumers, the gains that accrue outside the boundaries of the organization are small indeed. Bailing out Wall Street has already cost every American household thousands of dollars — and that's just for the latest crash. Capitalism 1.0 — financial capitalism — impoverishes everyone who isn't a financial capitalist.
"Our great challenge isn't "recovering" from a financial crisis. It is rehabilitating an economy. What we've really got to recover from isn't yesterday's financial crisis, but a century of toxic, self-destructive industrial-era business as usual. Without rehabilitation, tomorrow's crises will make today's look like a walk in the park."
Umair Haque at Harvardbusiness.org