Webbut new york times correspondent david gelles says welch's aggressive tactics also caused irreparable harm to american industry. His book is the man who. Webin gelles’ new book, the man who broke capitalism: How jack welch gutted the heartland and crushed the soul of corporate america―and how to undo. Webthe man who broke capitalism — did jack welch destroy corporate america? Webthe man who broke capitalism: How jack welch gutted the heartland and crushed the soul of corporate america — and how to undo his legacy,. Webnew york times reporter and “corner office” columnist david gelles reveals legendary ge ceo jack welch to be the root of all that’s wrong with capitalism today.