How can business be the thing that got us here and the greatest platform for change?
Capitalism as we have known it is dead, & this obsession that we have with maximizing profits for shareholders alone has led to incredible inequality & a planetary emergency. When we serve all stakeholders, business is the greatest platform for change.https://www.cnbc.com/2020/01/21/stakeholder-capitalism-has-reached-a-tipping-point-says-salesforce-ceo-benioff.html …
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Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Capitalism has created the largest middle class in the history of the world...
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The New Deal created that.
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Or just pay your taxes and let the people be the platform for the change they desire.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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The new capitalism is capitalism with a conscience.
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Agreed. But how do you create a clear algorithm for what that is? Maximizing profits had so much success partly because it's a clear and simple principle.
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I would argue that 'sustainability' is also a clear & simple principle, it's just not one capitalists wish to pay attention to. 'Maximizing profits' isn't about logic (destroying the planet isn't logical!), it's about the most pathological humans being the ones in power.
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Capitalism, like everything else, needs to adhere to rule of law. And it is best done with long term incentives and enlightened self-interest and full costs for negative impacts and spillover. Without those, it is just a get what you can while you can system.
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