A review by themtj
The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy by David Gelles

4.0

This book scratched an itch for me. If you've wondered, "how come boomers think capitalism is so great but gens x, y, and z aren't seeing it?" This book answers that question. There was a version of capitalism that was responsible and cared about its obligations to employees and society. Welch gutted that almost single-handedly. Milton Friedman, Ronald Reagan, yada yada, the usual players. But Welch set a trend and trained acolytes. Welch's policies failed GE in his lifetime, but the damage is already done. The negative externalities are glaring, yet Bezos and Musks are still running amuck.