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Alan Webber Is No 'Capitalist Tool'
Thursday, March 18, 2010
Steve Cohn

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But the Fast Company co-founder (1995) is no socialist, either. In his March 16 USA Today op-ed, Webber excoriates Republicans and Democrats for their "you're either with me or not" rigidity on all facets of the economy (including health care) at a time of "intense global competition and technological innovation."  What's needed is the "conversation about how we want [capitalism]  to change in public straight on."  

Webber is the epitome of capitalism, having launched FC on a shoestring. But thanks to the 1990s' tech wave and support from investors led by Mort Zuckerman, FC fetched $300 million-plus from Gruner + Jahr in December 2000. Less than five years later, Joe Mansueto pulled it and Inc. out of the G+J scrap heap for a mere $35 million. 

If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com

COMMENTS
1.
Webber makes a good point about both political parties needing to stop the polarization. But doesn't his belief that capitalism needs to change implictly work in favor of the Democrats? I fear most Republicans believe that pretty much everything about American capitalism today is working just fine as it is.
Posted by Jim Sulecki on Thursday, March 18, 2010 @ 05:17 PM
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