<?xml version="1.0" encoding="UTF-8"?>

<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
		>

	<!-- RSS feed defaults - main content -->
	<channel>
		<title>IbyIMD</title>
		<atom:link href="https://www.imd.org/ibyimd/category/crux-of-capitalism/feed/" rel="self" type="application/rss+xml" />
		<link>https://www.imd.org</link>
		<description></description>
		<lastBuildDate>Mon, 20 Apr 2026 11:59:28 +0000</lastBuildDate>
		<language>en-US</language>
		<sy:updatePeriod>hourly</sy:updatePeriod>
		<sy:updateFrequency>1</sy:updateFrequency>
		
		<generator>https://wordpress.org/?v=6.7.5</generator>

<image>
	<url>https://www.imd.org/wp-content/uploads/2022/10/cropped-IMD-Logo-Blue-on-transparent-Square-for-Circle-Crop-RGB-100x100.png</url>
	<title>Crux of Capitalism - IMD Business School</title>
	<link>https://www.imd.org</link>
	<width>32</width>
	<height>32</height>
</image> 
		
		<!-- Loop through posts and generate RSS items -->
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>How much money can our corporate giants spend fixing the world?</title>
				<link>https://www.imd.org/ibyimd/crux-of-capitalism/how-much-money-can-our-corporate-giants-spend-fixing-the-world/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fcrux-of-capitalism%2Fhow-much-money-can-our-corporate-giants-spend-fixing-the-world%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=22305</guid>
				<category><![CDATA[Crux of Capitalism]]></category>
				<dc:creator>Camilla Erencin, Simon J. Evenett, Alexander Gruber, Felix Reitz</dc:creator>
				<pubDate>Wed, 08 Nov 2023 07:00:00 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[With society facing a number of critical challenges, such as the transition to a low-carbon economy, digital disruption, and aging populations, demands are growing on businesses to divert some of their economic...]]></description>
				<content:encoded><![CDATA[With society facing a number of critical challenges, such as the transition to a low-carbon economy, digital disruption, and aging populations, demands are growing on businesses to divert some of their economic...]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/jpeg" 
						url="https://www.imd.org/wp-content/uploads/2023/11/AdobeStock_622164882-scaled.jpeg" 
						width="198"
						height="283"
					></media:content>
								
							</item>
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>It’s time for a new measure to assess capitalism </title>
				<link>https://www.imd.org/ibyimd/crux-of-capitalism/its-time-for-a-new-measure-to-assess-capitalism/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fcrux-of-capitalism%2Fits-time-for-a-new-measure-to-assess-capitalism%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=22484</guid>
				<category><![CDATA[Crux of Capitalism]]></category>
				<dc:creator>Camilla Erencin, Simon J. Evenett, Alexander Gruber, Felix Reitz</dc:creator>
				<pubDate>Wed, 15 Nov 2023 08:00:00 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[Traditional accounting measures often obscure the underlying health of firms and capitalist economies by ignoring the opportunity cost of capital and the potential value from R&D investment. Here we explain why these...]]></description>
				<content:encoded><![CDATA[Traditional accounting measures often obscure the underlying health of firms and capitalist economies by ignoring the opportunity cost of capital and the potential value from R&D investment. Here we explain why these...]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/jpeg" 
						url="https://www.imd.org/wp-content/uploads/2023/11/AdobeStock_630862837-scaled.jpeg" 
						width="198"
						height="283"
					></media:content>
								
							</item>
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>Is the German economy the ‘Sick Man of Europe’ once again?</title>
				<link>https://www.imd.org/ibyimd/competitiveness/is-the-german-economy-the-sick-man-of-europe-once-again/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fcompetitiveness%2Fis-the-german-economy-the-sick-man-of-europe-once-again%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=23737</guid>
				<category><![CDATA[Competitiveness]]></category>
				<dc:creator>Camilla Erencin, Simon J. Evenett, Felix Reitz</dc:creator>
				<pubDate>Tue, 09 Jan 2024 07:00:00 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[After nearly two decades, claims that Germany is the “sick man of Europe” are making a comeback. In the first six months of 2023, around half of Germany’s publicly-listed firms destroyed value,...]]></description>
				<content:encoded><![CDATA[After nearly two decades, claims that Germany is the “sick man of Europe” are making a comeback. In the first six months of 2023, around half of Germany’s publicly-listed firms destroyed value,...]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/jpeg" 
						url="https://www.imd.org/wp-content/uploads/2024/01/AdobeStock_297103062-scaled.jpeg" 
						width="198"
						height="283"
					></media:content>
								
							</item>
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>Which economies create the most value? </title>
				<link>https://www.imd.org/ibyimd/competitiveness/which-economies-create-the-most-value/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fcompetitiveness%2Fwhich-economies-create-the-most-value%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=23930</guid>
				<category><![CDATA[Competitiveness]]></category>
				<dc:creator>Camilla Erencin, Simon J. Evenett, Alexander Gruber, Felix Reitz</dc:creator>
				<pubDate>Tue, 16 Jan 2024 07:00:00 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[To make fair comparisons between capitalist economies, it's important to take non-listed firms into account....]]></description>
				<content:encoded><![CDATA[To make fair comparisons between capitalist economies, it's important to take non-listed firms into account....]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/jpeg" 
						url="https://www.imd.org/wp-content/uploads/2024/01/AdobeStock_623231319-scaled.jpeg" 
						width="198"
						height="283"
					></media:content>
								
							</item>
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>Outcomes matter: Do aggregate economic profit outcomes align with established metrics about national business environments?</title>
				<link>https://www.imd.org/ibyimd/crux-of-capitalism/outcomes-matter-do-aggregate-economic-profit-outcomes-align-with-established-metrics-about-national-business-environments/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fcrux-of-capitalism%2Foutcomes-matter-do-aggregate-economic-profit-outcomes-align-with-established-metrics-about-national-business-environments%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=24140</guid>
				<category><![CDATA[Crux of Capitalism]]></category>
				<dc:creator>Camilla Erencin, Simon J. Evenett, Alexander Gruber, Felix Reitz</dc:creator>
				<pubDate>Tue, 23 Jan 2024 07:55:00 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[The economic profit measure developed in the Crux of Capitalism initiative is based solely on reported firm performance. As such it departs from established metrics of the national business environment...]]></description>
				<content:encoded><![CDATA[The economic profit measure developed in the Crux of Capitalism initiative is based solely on reported firm performance. As such it departs from established metrics of the national business environment...]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/jpeg" 
						url="https://www.imd.org/wp-content/uploads/2024/01/AdobeStock_444016176-scaled.jpeg" 
						width="198"
						height="283"
					></media:content>
								
							</item>
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>How to identify the ‘zombie’ firms at risk of default </title>
				<link>https://www.imd.org/ibyimd/crux-of-capitalism/how-to-identify-the-zombie-firms-at-risk-of-default/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fcrux-of-capitalism%2Fhow-to-identify-the-zombie-firms-at-risk-of-default%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=24300</guid>
				<category><![CDATA[Crux of Capitalism]]></category>
				<dc:creator>Camilla Erencin, Simon J. Evenett, Alexander Gruber, Felix Reitz</dc:creator>
				<pubDate>Tue, 30 Jan 2024 07:00:52 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[Looking at firms using both the interest coverage ratio (ICR) and Altman’s Z-score can help reveal whether a company might be in distress....]]></description>
				<content:encoded><![CDATA[Looking at firms using both the interest coverage ratio (ICR) and Altman’s Z-score can help reveal whether a company might be in distress....]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/jpeg" 
						url="https://www.imd.org/wp-content/uploads/2024/01/nathan-wright-igpwuxZofgo-unsplash-e1706526016920.jpg" 
						width="198"
						height="283"
					></media:content>
								
							</item>
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>Is corporate China catching up with the United States powerhouse?</title>
				<link>https://www.imd.org/ibyimd/business-transformation/is-corporate-china-catching-up-with-the-united-states-powerhouse/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fbusiness-transformation%2Fis-corporate-china-catching-up-with-the-united-states-powerhouse%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=24485</guid>
				<category><![CDATA[Business transformation]]></category>
				<dc:creator>Camilla Erencin, Simon J. Evenett, Alexander Gruber, Felix Reitz</dc:creator>
				<pubDate>Tue, 06 Feb 2024 07:30:00 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[We examine whether China’s tremendous economic growth this century is reflected in significant economic profitmaking by its firms....]]></description>
				<content:encoded><![CDATA[We examine whether China’s tremendous economic growth this century is reflected in significant economic profitmaking by its firms....]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/jpeg" 
						url="https://www.imd.org/wp-content/uploads/2024/02/AdobeStock_597053999-scaled.jpeg" 
						width="198"
						height="283"
					></media:content>
								
							</item>
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>How many firms around the world are in or close to corporate distress?  </title>
				<link>https://www.imd.org/ibyimd/crux-of-capitalism/how-many-firms-around-the-world-are-in-or-close-to-corporate-distress/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fcrux-of-capitalism%2Fhow-many-firms-around-the-world-are-in-or-close-to-corporate-distress%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=24587</guid>
				<category><![CDATA[Crux of Capitalism]]></category>
				<dc:creator>Camilla Erencin, Simon J. Evenett, Alexander Gruber, Felix Reitz</dc:creator>
				<pubDate>Tue, 13 Feb 2024 06:56:00 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[As interest rates rose in many economies, fears of a “hard landing” grew. We examine whether a tighter monetary policy has translated into more firms going into corporate distress by tracking three...]]></description>
				<content:encoded><![CDATA[As interest rates rose in many economies, fears of a “hard landing” grew. We examine whether a tighter monetary policy has translated into more firms going into corporate distress by tracking three...]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/jpeg" 
						url="https://www.imd.org/wp-content/uploads/2021/04/bb.jpg" 
						width="198"
						height="283"
					></media:content>
								
							</item>
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>The ‘Magnificent Seven’ (M7): Assessing their contribution to the performance of US publicly listed firms</title>
				<link>https://www.imd.org/ibyimd/crux-of-capitalism/the-magnificent-seven-m7-assessing-their-contribution-to-the-performance-of-us-publicly-listed-firms/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fcrux-of-capitalism%2Fthe-magnificent-seven-m7-assessing-their-contribution-to-the-performance-of-us-publicly-listed-firms%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=24670</guid>
				<category><![CDATA[Crux of Capitalism]]></category>
				<dc:creator>Camilla Erencin, Simon J. Evenett, Pierre Ledan, Felix Reitz</dc:creator>
				<pubDate>Tue, 20 Feb 2024 08:00:00 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[Data from the Crux of Capitalism finds that the ‘Magnificent Seven' “tech” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla – together accounted for 32% of the economic profit of...]]></description>
				<content:encoded><![CDATA[Data from the Crux of Capitalism finds that the ‘Magnificent Seven' “tech” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla – together accounted for 32% of the economic profit of...]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/jpeg" 
						url="https://www.imd.org/wp-content/uploads/2021/06/amazon-scaled.jpg" 
						width="198"
						height="283"
					></media:content>
								
							</item>
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>Challenging dogmatic narratives in VC, with Fergal Mullen &#8211; Part 2</title>
				<link>https://www.imd.org/ibyimd/podcasts/capital-conversations/pt-2-challenging-dogmatic-narratives-in-venture-capital-with-fergal-mullen-co-founder-partner-at-highland-europe/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fpodcasts%2Fcapital-conversations%2Fpt-2-challenging-dogmatic-narratives-in-venture-capital-with-fergal-mullen-co-founder-partner-at-highland-europe%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=24659</guid>
				<category><![CDATA[Capital Conversations]]></category>
				<dc:creator>Raphaël Grieco, Karl Schmedders</dc:creator>
				<pubDate>Tue, 20 Feb 2024 11:53:41 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[Fergal Mullen's challenges entrenched dogmas in venture capital, urging a more thoughtful and individualized approach...]]></description>
				<content:encoded><![CDATA[Fergal Mullen's challenges entrenched dogmas in venture capital, urging a more thoughtful and individualized approach...]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/png" 
						url="https://www.imd.org/wp-content/uploads/2024/01/IbyIMD-CapitalConversations-Podcast-Episode1_CAMPUS-SCREEN-1920x1080-1.png" 
						width="198"
						height="283"
					></media:content>
								
							</item>
		 
			
			
			<!-- Individual RSS item -->
			<item>
				<title>The countries and sectors with the highest economic profit concentration are not what you might expect </title>
				<link>https://www.imd.org/ibyimd/crux-of-capitalism/the-countries-and-sectors-with-the-highest-economic-profit-concentration-are-not-what-you-might-expect/</link>
				<!-- Custom secure login link with redirect parameter -->
				<securelink>https://www.imd.org/wp-login.php?saml_sso&amp;redirect_to=ibyimd%2Fcrux-of-capitalism%2Fthe-countries-and-sectors-with-the-highest-economic-profit-concentration-are-not-what-you-might-expect%2F</securelink>
				<guid isPermaLink="false">https://www.imd.org/ibyimd/?p=25813</guid>
				<category><![CDATA[Crux of Capitalism]]></category>
				<dc:creator>Camilla Erencin, Simon J. Evenett, Pierre Ledan, Felix Reitz</dc:creator>
				<pubDate>Wed, 27 Mar 2024 07:36:00 +0000</pubDate>
				<!-- Custom excerpt in both description and encoded content -->
				<description><![CDATA[An analysis of 21 economies between 2018 and 2022 finds that economic profit concentration is not limited to the ‘Magnificent Seven’ “tech” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla....]]></description>
				<content:encoded><![CDATA[An analysis of 21 economies between 2018 and 2022 finds that economic profit concentration is not limited to the ‘Magnificent Seven’ “tech” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla....]]></content:encoded>
				<!-- Media enclosure for featured image (Yahoo MRSS extension) -->
									<media:content xmlns:media="http://search.yahoo.com/mrss/" 
						medium="image" 
						type="image/jpeg" 
						url="https://www.imd.org/wp-content/uploads/2024/03/Capitalism.jpg" 
						width="198"
						height="283"
					></media:content>
								
							</item>
			</channel>
</rss>