4min chapter

TED Business cover image

What capitalism gets right -- and governments get wrong | Katherine Mangu-Ward

TED Business

CHAPTER

Corporate Death - The Death of a Fortune 500 Company

The original Fortune 500 list in 1955, 90% of those companies either went under or merged. John Sutter: Failure is the fate of nearly every company; that's why capitalism works. He says government got used to General Motors and then coddled it after 2008 financial crisis. Sutter: Now let's talk about Facebook - wacky people trying something new just to see if it'll work.

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