Issue 153 - 01 | Capitalists Arise!

By Peter Georgescu
Published May 17, 2017 10:30 a.m.
“For the past four decades, capitalism has been cannibalizing itself. It’s going on in plain view and yet no one is talking about it because only a few people recognize what’s happening. Those few are either very troubled or very scared. The bull market is setting historical records, and the unemployment rate seems reasonable again, so most casual observers—meaning almost all of the media—think America is back on track and growing. Nothing could be further from the truth.”

About Peter Georgescu | Peter Georgescu is chairman emeritus of Young & Rubicam. He served as the company’s chairman and CEO from 1994 until January 2000. In recognition of his contributions to the marketing and advertising industry, he was elected to the Advertising Hall of Fame in 2001. Georgescu has been the director of the board for eight public companies, among them Levi Strauss, IFF, Toys”R”Us, and EMI Recorded Music. He is currently vice chairman of New York-Presbyterian Hospital, a trustee of the Paul and Daisy Soros Fellowships for New Americans program, and a member of the Council on Foreign Relations. He is the author of two previous books, The Source of Success and The Constant Choice.

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