Howard Husock, National Affairs

The Risks of Quasi-Capitalism

Critics of capitalism  have launched a movement that risks changing the essential character of the market economy. This movement does not seek to dismantle the foundations of capitalism, but rather to transform its goals and basic purpose by proposing new, alternative corporate forms that might best be called "quasi-capitalist." There is a variety of such forms, but they have in common a key underlying assumption: that firms neither motivated nor measured purely by financial profit will be more effective than traditional profit-driven corporations in creating benefits for society at large.

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