Transcripts for CNN Fareed Zakaria GPS 20150823 14:52:00 : v

CNN Fareed Zakaria GPS August 23, 2015 14:52:00

capitalists are doing this wrong? is it a focus on short-term that's wrong? how would you describe it? you're saying all these companies are not understanding their own enlightened self-interest. >> i'm all for capitalism. but a lot of good jobs strategy requires a long-term view. and people are wired to emphasize the short term at the expense of the long term. people still smoke, they still don't exercise. we know that. in addition, good jobs strategy is a holistic strategy. it requires a systems view. it's not about just raising wages. it's not just about training. a lot of companies are stuck in silos. they work in silos. they don't see the whole picture. achieving excellence is always harder than achieving mediocrity. >> thank you so much. >> my pleasure. next on "gps," has it been a hot summer where you are?

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