Thank you for this incredible lecture...

Regulation is a service because it levels the playing field so that ethical operators are not at a disadvantage.

What about the issue of enormous CEO renumerstions? Very important to review.

I think she's a dreamer. Or a double agent. Henderson's noble purpose driven companies concept does not address the problems of companies first priorities' being their own self interest. To me, those are problems of the ownership structure of capital entities. Merely educating the execs in ways to be more benevolent with society will always fall short of the real changes that will allow entities to develop whose PRIMARY mission is social benefit, instead of entities that attempt to make greater social benefit to the degree that it aligns with their greed.

This is the quality of scholarship at Harvard Business School??? This woman seems to think that there is a separation between business and politics.

And the requirement for big corporations to invest in local social and community needs as a priority to benefit all citizens. And also review workers remuneration for increases when company has enormous profits.

One must also think about reinventing democracy. One thought to consider is that the ancient Greeks held no elections; their society's decision-makers were chosen by lottery. What would be the consequences of doing the same thing today? No more elections for people to sit on city councils, state legislatures or the U.S. Congress. No more campaigns. No more fund-raising. No more influence by corporations "buying" legislators. Anyone willing to serve would simply pass what amounts to a civil service examination to establish competency. When a vacancy occurs, a new qualified person is chosen to fill the vacancy. One term of four years, then one returns to private life.

The major problem with Capitalism is the same problem with all other forms of social-political-economic philosophies is that everything works on paper. In application, you get wildly varying results. I am thinking that the current form of global capitalism is that the problem is Humans, the visions of Capitalism on paper look great, but instead of power corrupts like communism, money creates power and thus corrupts. What both these people are saying are very valid and reasonable arguements, but the issue is always a legit psychopath (not a criminal psychopath) who gets to a place of power, they will ruin everything these people talk about. Self-regulation leads to cheating, lobbying leads to corruption, and so on.

How about not consider everything through self interest?

Technology has lifted the knowledge of global society and can also mid inform.

Or...you could just seize the means of production...

Does our current Democracy represent the US citizens if we look at our Senate right now?

About media read Noam Chomsky’s Manufacturing Consent.

Environment and population are biggest problems in human civilization.....we will have to tackle these two major problems.....

Self governance in the interests of the public good is admirable in theory, but unrealistic in practice because it fails to account for the sociopathy of many corporations and their CEO's.

Awesome session. i love this.

Michael Sandel is truly amazing, an inspiration! Rebecca Henderson on the other hand...

When Capitalism became the dominant model, every body thought it was going to be the solution to all of the problems they faced in Feudalism (Kings and Queens), but as we've seen over the years since the birth of Capitalism that no matter who is in office, no matter what anybody thinks or wants, it's always been used AGAINST the "working class" (modern version of the peasant). You speak of the companies having a "mission" or a devotion to helping workers, and making a lot of money. As has been entirely prevalent in our society, there is no such thing as a large for profit business with a conscious. That's just not how it works and I think it's incredibly obvious that we need a new system. That system? Socialism as Richard Wolff explains.

Garbage to think corporations care about the public good or the environment ( really stop smoking pot) , and if they do what happens when those that don't care start making more profit and more market share? Same with consumers for who it is a luxury to buy fair trade products or environmentally friendly products. Most consumers are barely surviving this cut throat world and will buy the cheapest products that they can.

Some people think they are better than professors here

Henderson sounds like an ivory tower Utopian to me. Firms aren't going to do anything kind and beneficial to anyone unless absolutely forced to, and they certainly aren't going to all get together and figure out how to help the little guy. And they own the political system, so wishfully thinking that a government will hop in and create a level playing field is delusional. Sandel's analysis sounds a lot more realistic to me (i.e. corporations engaging in wealth extraction for the benefits of their shareholders, everyone else be damned).

The problem is that the product that is provided by governments (money), moves way more matter than politics ever could. At some point, in the past, the power of the ones using the product of the governments, surpassed the power of the governments themselves. Now the tables have turned, the private sector can tip over complete governments with their own product (money). That means that governments are suffering from the very thing they authorised themselves. One of the governments best weapons is inflation, it has become their only weapon, because even limiting legislation and fines don't have any effect on the power of the World Incorporated. I'd say : divide in 2 currencies : one for private investment and one for public investment.

If only there was a candidate that would punish the ruling class for their rapacious neoliberal economics. Trump didn't go nearly far enough. There must be reparations.

Her expertise is business strategy.

Not too much substance from either. Both view the failures as fixable by moralistic solutions, Henderson "business leaders will have missions other than money", Sandel "our morals is better than capitalism." Our leading educational institutions are occupied by these shallow thinkers. No, these are faux answers. Everything that happens, including all the failures, are the results of Our Human Nature.

Capitalism has beat communism/socialism hands town, in every category; do they know history?

Made it only half through this, Professor Henderson needs a good dose of reality, way too much BS.

Now the market allocation is done by plutocrats. Politics have a role to regulate the plutocrats because the average joe does not vote for plutocrats.

What Hooey! I really don't care what "business leaders" can do to fix capitalism! I't NOT fixable. It's Cancer!

Ever heard of moral panic cycles?.... They happen over & over. The 50s-60s, 80s-90s & now. The current has the liberals getting to the extreme of virtually freaking out about ant farts while the conservatives ignore the freak outs, & at times make fun of them. P.S. She sounds like a politician, or like a psychiatrist talking to a schizophrenic, or like she's acting, or like she's reading a 5 year olds' story book....

the virtues of capitalism are so degrading that they cannot be reformed.

Your theory of reformed capitalism is actually making capitalism into socialism.