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Keynote: Capitalism 2.0

A talk by Umair Haque at next09

About the Talk

May 5, 2009 10:45 AM

Hamburg, Germany

Hamburg, Germany

Smart economies are driven by smart growth. The four pillars of smart growth are design principles for next-generation economies.

  1. Outcomes, not income.
  2. Connections, not transactions.
  3. People, not product.
  4. Creativity, not productivity.

20th century economies are limited to unsustainable, unfair, brittle, dumb growth. Smart growth is more sustainable, equitable, and resilient.

Capitalism 2.0 cannot be powered by growth1.0: that's why the race for smart growth is inevitable. The economic pressure -- the potential for value creation, in a world being ripped apart by value destruction -- is simply too great.

Can you build a business powered by smart growth? The four pillars of smart growth aren't just design principles for next-generation economies: they're also design principles for next-generation businesses. Already, tomorrow's radical innovators don't accept yesterday's toxic, tired consensus. Revolutionaries like Apple, Threadless, Etsy, Whole Foods, American Apparel, and Google are already reinventing better ways to grow - from the grass-roots up.

Yesterday's incumbents are beginning to fail en masse, while these revolutionaries remain resilient. Why? As our research at the Lab suggests, getting smart is a better choice than staying dumb: smart growth results in more creativity, innovation, effectiveness, and power than dumb growth.

Moderated by Monique van Dusseldorp

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