Sunday 15 January 2012

Huff TV: Arianna On How To Fix America's Economy

On Friday, Arianna joined US News & World Report editor Mort Zuckerman and Time's Fareek Zakaria on CNN's Your Money to talk about the best way to fix capitalism.

In a segment called "Capitalism: On Trial," host Ali Velshi asked each panelist to name the best solution they'd heard for repairing America's battered system.

Arianna said she would look to a businessman, a professor, and a judge for solutions. The businessman is Jim Stengel, former global marketing head of Procter & Gamble, whose book "Grow" focuses on "the need for business to align their bottom line with the social impact they're having."

The professor is Roger Martin, a University of Toronto professor, whose book "Fixing The Game" proposes that the "shareholder value theory" has wrongly "put traders rather than customers at the center of business decisions."

The third person is prominent judge Jed S. Rakoff, who "has the gumption to go out there and say that the double standard" America uses to hold corporations accountable "has to end."

Zuckerman said he would focus on overhauling the country's education system to prepare students for a "world in which education and technology is going to be enormously predominant." Zakaria said the U.S. economy is based "overly on consumption," and must focus more on investments in human and physical capital.

Watch the segment below:

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Source: http://www.huffingtonpost.com/huff-tv/arianna-talks-fixing-capitalism-cnn-your-money_b_1206579.html

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