Date(s) - 24/11/2022
7:00 pm - 8:30 pm
John will give a lecture titled “After Capitalism” to the Deutsch-Britische Gesellschaft in Frankfurt. To register to attend the lecture in person or online, contact the Deutsch-Britische Gesellschaft in Frankfurt.
The leading firms of the twenty-first century have few tangible assets and often do not own the tangible assets they do use. These assets are typically fungible – no longer specific to the business that employs them. We now have ‘capital as a service’ rather than capital as master.
In the industrial revolution, and in the language of ‘capitalism’ which was adopted by both the supporters and critics of capitalism, there was a close linkage between personal wealth, ownership of the means of production, and control of business. Control of business is now divorced from ownership of the means of production and the relationship now runs from control of business to personal wealth, not the other way round.
And yet we see the finance paradox – as capital has become less central to business the finance sector has grown in size and remuneration. How and why?
John Kay will describe the changed realities of the modern commercial environment and explore its implications for both business strategy and public policy.