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This is why we need to evolve to a more human centered capitalism. We need to put stakeholders back ahead of shareholders. We need to realize that growth is no
by oxymoran 7y ago
This is why we need to evolve to a more human centered capitalism. We need to put stakeholders back ahead of shareholders. We need to realize that growth is not limitless and to stop worshiping it. And we need to stop measuring our success as a nation based on macroeconomic metrics like GDP and focus more on metrics that indicate the wellbeing of our citizens. We can not abandon capitalism but we cannot stagnate either.
- dragonwriter 7y ago> This is why we need to evolve to a more human centered capitalism If it's human-centered, it's not capitalism. If it's capitalism, it's not human-centered. You can't have a “more four-sided triangle”.
- mojuba 7y agoHuman-centered capitalism is perfectly possible with some of the alternative forms of stock ownership and company governance. You can start and build a company that's employee-governed through elections, optionally also employee-owned in the economic sense, though the latter is optional. There are many examples of various types of ownership among some famous companies too, from Ikea to Bosch and Zeiss. What they have in common is, there are no absentee owners and therefore no pressure of profit maximization at all costs on the company.
- RickJWagner 7y agoSorry, but I disagree. Capitalism works great. It's what's powered a lot of the world's economic growth and encourages the work force to make new discoveries. Capitalism also leads to generosity and social progress. Look at what Bill Gates (and others like him) are doing with their gains. Can you point me to a socialist enterprise that's doing as much good?