
Reimagining Capitalism in a World on Fire
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Narrated by:
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Rebecca Henderson
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Lucinda Clare
About this listen
A renowned Harvard professor debunks prevailing orthodoxy with a new intellectual foundation and a practical pathway forward for a system that has lost its moral and ethical foundation.
Free market capitalism is one of humanity's greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short.
Rebecca Henderson's rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around the world, give us a path forward. She debunks the worldview that the only purpose of business is to make money and maximize shareholder value. She shows that we have failed to reimagine capitalism so that it is not only an engine of prosperity but also a system that is in harmony with environmental realities, the striving for social justice, and the demands of truly democratic institutions.
Henderson's deep understanding of how change takes place, combined with fascinating in-depth stories of companies that have made the first steps towards reimagining capitalism, provide inspiring insight into what capitalism can be. Together with rich discussions of important role of government and how the worlds of finance, governance, and leadership must also evolve, Henderson provides the pragmatic foundation for navigating a world faced with unprecedented challenge, but also with extraordinary opportunity for those who can get it right.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2020 Rebecca Henderson (P)2020 Hachette AudioListeners also enjoyed...
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Critic reviews
"Rebecca Henderson weaves together research and personal experience with clarity and vision, illustrating the potential for business to benefit both itself and society by leading on the most challenging issues of our day. Read, and feel hopeful." (Judith Samuelson, vice president, the Aspen Institute)
"If you are unsatisfied with today's economic arguments--which too often seem to present an unappealing choice between unbridled markets and old-school collectivism--you need to read Rebecca Henderson's Reimagining Capitalism in a World on Fire. Henderson offers a system that rewards initiative and respects the power of free enterprise, but that also recognizes that we have a higher purpose in life than pure profit maximization. This is a book for the realist with a heart." (Arthur C. Brooks, president emeritus, American Enterprise Institute; professor of practice, Harvard Kennedy School; senior fellow, Harvard Business School; and author of Love Your Enemies)
"Rebecca Henderson is a provocative thinker on the purpose of business in society. In her new book, she advances the dialogue about the role of business in addressing the big social and environmental challenges of our time. Hers is an important voice in an essential conversation." (Doug McMillon, president and chief executive officer, Walmart)
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- Unabridged
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When we talk about human history, we often focus on great leaders, population forces, and decisive wars. But how has the earth itself determined our destiny? Our planet wobbles, driving changes in climate that forced the transition from nomadism to farming. Mountainous terrain led to the development of democracy in Greece. Atmospheric circulation patterns later on shaped the progression of global exploration, colonization, and trade. Even today, voting behavior in the southeast United States ultimately follows the underlying pattern of 75 million-year-old sediments from an ancient sea.
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GREAT Book with a Narrator Who's Falling Asleep
- By aaron on 08-02-20
By: Lewis Dartnell
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Raising a Kid Who Can
- Simple Strategies to Build a Lifetime of Adaptability and Emotional Strength
- By: Catherine McCarthy MD, Heather Tedesco PhD, Jennifer Weaver LCSW
- Narrated by: Erin Bennett
- Length: 8 hrs and 24 mins
- Unabridged
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It’s time to parent smarter, not harder. Filled with scientifically based and eminently actionable advice and strategies, The Parents' Playbook boils down the ten essential things that every child needs to thrive so that parents can stop drowning in information and get to the business of raising healthier, happier humans. Written by three mental health professionals who work with families, organized for easy skimming, and designed to be useful at any stage in a child’s life, the book devotes one short, impactful chapter per principle.
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Lots of Good Ideas
- By Meredith on 01-16-24
By: Catherine McCarthy MD, and others
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The Eight Reindeer of the Apocalypse
- By: Tom Holt
- Narrated by: Dan Starkey, Daphne Kouma
- Length: 9 hrs and 1 min
- Unabridged
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The team of commercial sorcerers at Dawson, Ahriman & Dawson can help with any metaphysical engineering project, large or small (though by definition they all tend to be pretty large). They can also create massive great puddles of chaos that might one day swallow up the entire universe. Take, for example, the decision to recruit a certain bearded fellow whose previous work experience mainly involves reindeer and jingle bells. It might have seemed like a good idea at the time, but is he really the best person to save the world from Tiamat the Destroyer, who has literally gone ballistic?
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Painful. narration
- By Georgia Shopper on 12-18-23
By: Tom Holt
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The Genesis Machine
- Our Quest to Rewrite Life in the Age of Synthetic Biology
- By: Amy Webb, Andrew Hessel
- Narrated by: Amy Webb, Andrew Hessel, Tim Campbell, and others
- Length: 10 hrs and 6 mins
- Unabridged
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Synthetic biology promises to reveal how life is created and how it can be re-created, enabling scientists to rewrite the rules of our reality. It could help us, for example, heal without prescription medications, grow meat without harvesting animals, or confront our looming climate catastrophe. Synthetic biology will determine the ways in which we conceive future generations and how we define family, how we identify disease and treat aging, where we make our homes, and how we nourish ourselves.
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Thought provoking but politically biased
- By Andy on 07-02-22
By: Amy Webb, and others
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With the End in Mind
- Dying, Death, and Wisdom in an Age of Denial
- By: Kathryn Mannix
- Narrated by: Elizabeth Carling, Kathryn Mannix
- Length: 11 hrs and 47 mins
- Unabridged
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Modern medical technology is allowing us to live longer and fuller lives than ever before. But with changes in the way we understand medicine come changes in the way we understand death. Once a familiar and gentle process, death has come to be something from which we shy away, preferring to fight it desperately than to accept its inevitability. Palliative care has a long tradition in Britain, where Dr. Kathryn Mannix has practiced it for 30 years. In this book, she shares beautifully crafted stories from a lifetime of caring for the dying.
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Wonderful book!
- By Randall Roth on 01-29-18
By: Kathryn Mannix
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The Power of Awareness
- And Other Secrets from the World's Foremost Spies, Detectives, and Special Operators on How to Stay Safe and Save Your Life
- By: Dan Schilling
- Narrated by: Dan Schilling
- Length: 7 hrs and 6 mins
- Unabridged
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In his empowering book, Dan Schilling shares how to identify and avoid threats using situational awareness and intuition just like the pros. Told with wit and wisdom, this compelling guide uses harrowing stories from Dan's special operations career and those of other experts to outline six easily implemented rules you can apply anywhere to improve your personal safety.
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Good information but a miss on delivery possibly
- By HonestBuyer on 04-30-23
By: Dan Schilling
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Sleeping with the Ancestors
- How I Followed the Footprints of Slavery
- By: Joseph McGill Jr., Herb Frazier
- Narrated by: Joseph McGill Jr., Herb Frazier
- Length: 10 hrs and 27 mins
- Unabridged
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Since founding the Slave Dwelling Project project in 2010, historic preservationist Joseph McGill Jr. has been touring the country, spending the night in former slave dwellings—throughout the South, but also the North and the West, where people are often surprised to learn that such structures exist. Sleeping with the Ancestors focuses on all of the key sites McGill has visited in his ongoing project and digs deeper into the actual history of each location, using McGill’s own experience and conversations with the community to enhance those original stories.
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great documentation and expression of Black and While American History
- By Anonymous User on 12-22-24
By: Joseph McGill Jr., and others
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Uncaring
- How the Culture of Medicine Kills Doctors and Patients
- By: Robert Pearl MD
- Narrated by: James Fouhey
- Length: 13 hrs and 17 mins
- Unabridged
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Hardly anyone is happy with American health care these days. Patients are getting sicker and going bankrupt from medical bills. Doctors are burning out and making dangerous mistakes. Both parties blame our nation’s outdated and dysfunctional health care system. But that’s only part of the problem. In this important and timely book, Dr. Robert Pearl shines a light on the unseen and often toxic culture of medicine.
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Important to understand the current medical world
- By DMM on 07-12-21
By: Robert Pearl MD
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Stop Calling Me Beautiful
- Finding Soul-Deep Strength in a Skin-Deep World
- By: Phylicia Masonheimer
- Narrated by: Carla Mercer-Meyer
- Length: 5 hrs and 34 mins
- Unabridged
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If you're tired of hearing the watered-down Christian teaching and hungry for a deeper spiritual life - one that gives real answers to your hardest questions - Stop Calling Me Beautiful teaches you how. Jesus doesn't offer a powerless salvation. He makes your brokenness part of his whole redemption story - if you allow him to. Don't settle for a feel-good faith. If you want victory over insecurity, fear, shame, and the circumstances you are facing, it's time to embrace Jesus. All of him.
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not what I expected, in a good way!!
- By Kristin on 09-03-20
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Miseducated
- A Memoir
- By: Brandon P. Fleming, Cornel West - foreword
- Narrated by: Brandon P. Fleming, Landon Woodson
- Length: 10 hrs and 45 mins
- Unabridged
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Brandon P. Fleming grew up in an abusive home and was shuffled through school, his passing grades a nod to his skill on the basketball court, not his presence in the classroom. He turned to the streets and drug deals by 14, saved only by the dream of basketball stardom. When he suffered a career-ending injury during his first semester at a Division I school, he dropped out of college, toiling on an assembly line, until depression drove him to the edge. Miraculously, his life was spared. Returning to college, Fleming was determined to reinvent himself as a scholar.
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so glad I lasted through the first parts...
- By Elizabeth L. on 01-19-22
By: Brandon P. Fleming, and others
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The Entitlement Cure
- Finding Success at Work and in Relationships in a Shortcut World
- By: Dr. John Townsend
- Narrated by: Dr. John Townsend
- Length: 5 hrs and 55 mins
- Unabridged
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Do you have anyone in your life who can't seem to stick with a project, meet a deadline, or even clean up after themselves? All of us feel we deserve special treatment sometimes. Some people live with this entitled attitude. If you have a difficult relationship with an entitled person, or if you have discovered entitlement in yourself, understand this: It doesn't have to stay this way. There is a cure. It's called the Hard Way and it works. Dr. Townsend offers daily steps, such as risk-taking, to help you or those you love choose the Hard Way.
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Very, very religious
- By Relaxed Energy on 09-10-16
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Results Without Authority
- Controlling a Project When the Team Doesn't Report to You
- By: Tom Kendrick
- Narrated by: Tom Parks
- Length: 12 hrs and 39 mins
- Unabridged
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For project managers looking to establish credibility and drive winning results, author Tom Kendrick’s groundbreaking system provides the key to leading cross-functional, outsourced, and other types of teams through every stage of the project cycle. Results Without Authority is the definitive book on control - teaching the three principal levels of control, including project process, influence, and metrics, among other important areas. You will learn the surefire way to keep projects moving forward.
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A must read for project managers
- By Kindle Customer on 09-19-23
By: Tom Kendrick
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The Books of I & II Maccabees
- Where the Story of Hanukkah Is Found
- By: Robert Bagley III - adaptation
- Narrated by: Steve Cook
- Length: 4 hrs and 15 mins
- Unabridged
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This is the full, uninterrupted audiobook of the story of I & II Maccabees - read with the passion this masterpiece deserves by number-one best-selling voice talent Steve Cook. Hanukkah or Chanukah is an annual Jewish celebration in the late fall/early winter that dates back to circa 164 BC. It was also referred to as "Festival of Lights" or "Feast of the Dedication" or "Feast of the Maccabees".
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good to know more
- By Desmond Hall on 11-28-17
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The Secret Knowledge of Water
- There Are Two Easy Ways to Die in the Desert: Thirst and Drowning
- By: Craig Childs
- Narrated by: Craig Childs
- Length: 7 hrs and 51 mins
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Deserts are environments that can be inhospitable even to seasoned explorers. Craig Childs has spent years in the deserts of the American West, and his treks through arid lands in search of water reveal the natural world at its most extreme.
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This book is fantastic
- By Jamesdcawley on 04-09-20
By: Craig Childs
What listeners say about Reimagining Capitalism in a World on Fire
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- Wbang
- 03-10-24
Thought provoking and hopeful
As someone who works in sustainability, I see the power of business to make a positive impact in the world everyday. This book was inspiring.
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- Claudia Contreras
- 06-26-21
loved it!
It was both insightful and very engaging. You can hear the author's passion in her words but yet remains pragmatic in her approach and conclusions.
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- Dennis McGee
- 09-26-20
Taking Action
Appreciated the thought that went into this.
I’ll read it again. Examples were helpful.
New thoughts for me: Accounting reimagined.
Wondering about transfer of economic self-determination, democratization of finance and FinTech.
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- Brad
- 05-03-20
What the world needs now
Excellent book. A strong statement with great examples on how we can change our society and economy to deal with climate change and the other problems facing humanity and our world.
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1 person found this helpful
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- Rurik McKaiser
- 03-14-21
Powerful
This is now one of my favourite books. A must read for EVERY SINGLE PERSON!
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- Terrence Franklin
- 11-23-20
Mind Opening
Great, inspiring prrspective on what we all need to be thinking about and doing if we're to survive.
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- Amazon Customer
- 05-06-20
Compelling story, very well told
Professor Henderson very clearly lays out the serious problems- climate degradation, grotesque income inequality, and collapsing critical institutions, that have been made much worse by our current form of unconstrained capitalism. Imagining corporations not as solely profit driven, but purpose driven as well, she draws on her wealth of experience as a change management consultant to leading corporations, to not only identify the challenges, but also provide inspirational examples of organizations that are an impressive vanguard for needed change. We can only hope her optimism is justified.
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2 people found this helpful
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- Konstantin
- 05-13-21
Misleading "dramatic" title.
The more appropriate title would be "The latest trends of capitalism". Lame attempt to fork out the trend out of "Good to Great" with emphasis on environmental sustainability (nothing wrong with focusing on the issue btw, but there is no need for deceptive titles). I struggled to find a "new groundbreaking" reimagining strategy when the author speaks about problems companies faced for ages ... mitigating responsibility and risk. It reads as a subtle agenda of vilifying companies that make financially responsible decisions while promoting risky spending strategies that may or may not benefit the company, but will certainly benefit the environment. While the environment is important and companies should strive to do their part, fiscal responsibility cannot be ignored and the examples author makes attribute more to large companies with large budgets that can withstand many hurdles middle and small companies may not. The examples author makes of how companies made responsible choices ofen ignore the psychology of business. While social responsibility is important, comparing Toyota and GM cultures and stating that if only GM would have empowered its people to contribute to the decision-making process, they would have been at least as successful as Toyota is at the very least irresponsible. GM's management certainly made mistakes and empowering employees absolutely would have helped to resolve some issues, it is however ambitious to claim it will bring GM to Toyota's level, at that time. The author simply downplays or in some cases ignores economic, political, and other market conditions to draw conclusions that society will take care of your business. "Good to Great" was based on examples of companies that ended up in the hot seat or no longer around (Fannie, Wells, Curcuit City, Phillip Morris). It's important to promote social responsibility, however, it's just as important to recognize its cost and often a burden, especially on the smaller business. Start-ups that ride the waves of being socially responsible are taking the opportunity of the trend and so should existing large-cap companies, but the majority of companies that start as socially responsible companies fail just as much as the ones that don't. It's important to recognize that a robust and dynamic company that is aligned with the overall economic, market and political climate (flavor of the last couple of decades is social responsibility) will succeed. It's an informative book and has some good points, if it's the first book you read in this category. However, as far as reimagining capitalism, the book is a major fail. Books such as "Understanding complexity", "An Economist hour", "The Deficit Myth" and even "Good to Great", collectively offer various ways of looking at problems and offer greater value.
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2 people found this helpful
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- David
- 11-30-23
Two-star book by Herbert Hoover re-incarnate
This book is a two-star book, in my opinion.
Chapter 4 was the only chapter with anything I could agreeably enjoy, namely, stories of business entrepreneurship and entrepreneurs' idealism helping to make work environments more friendly, end foreign slavery, meet consumer needs that had never been met before, and pursuing cleanliness and preventing wastefulness to the benefits of the community and the companies doing these great things.
The political philosophy of Rebecca Henderson is nearly identical to that of Herbert Hoover (the US President before FDR). She makes the same arguments as him for cartelizing industries, including using his distinct vocabulary, such as "moral suasion". She doesn't understand how high minimum wages laws cause unemployment like Herbert Hoover, and if she were Queen, she'd cause a Great Depression II with all her cartelizing fantasies, income tax schemes, minimum wage (p)raising, "moral suasion", musings about the potential political opportunies to be gained in a new world war, and put people on meat rations.
She muses that someday an international confederacy of nations will make a cartel agreement to implement a monopolized global wealth tax, and that good would come of it. (Early in the book, she complains about drug patent owners gauging prices to maximize revenues. What does she expect a world monopoly on taxation to look like? Not oppression?)
Chapter 6 was interesting. I liked listening to it because I found the history parts in it informative, even though I disagreed with the policy plans she was endorsing.
Overall, this book wasn't a complete waste of time to read-- some of it is interesting, and Chapter 4 is delightful and worth reading. The rest isn't good in my opinion.
If you do read this book, I suggest you read a companion book about Herbert Hoover and the Great Depression called "America's Great Depression", by Murray N. Rothbard, which can be found free on YouTube. You will laugh when you see the similarities between Hoover and Henderson.
Given opportunity cost of credits and time, I'd say try a Thomas Sowell book instead, or a (free on YouTube) Hans-Hermann Hoppe book. If you don't like their political stances, at least you will have experienced a break from the usual echochamber and hear arguments you have never heard before.
So overall, two stars. Performance and story get five stars each.
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- Earphone lover
- 10-19-20
Review of thoughts
The books first and second chapters do share some good lights on the importance for business to carry a social vision, which is very important for a healthy business. Nonetheless, I feel the book lost its ground going forward, first begin with the chapter on financing and second on social cooperation. The way that the author approached the statement is to support them by stories of companies, but because there is so few of them it felt like cherry-picking and weak, likewise, the description of the narrative seems dry and repetitive.
In the end, I am glad of the reminder for the social mission that a company carry but disheartens by the way that the author approached the statement.
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4 people found this helpful