We have the greatest admiration for Mr. Couinard, who has chosen to turn his vast fortune over to the cause of fighting climate change. But as we have often observed, it is not easy to keep a commercial enterprise vital and sustainable when it is owned by a non-profit. Their risk tolerances as very different….
Tag: capitalism
If Black Lives Really Matter to the Rich, Philanthropy Isn’t Enough – The New York Times
Darren Walker, President of the Ford Foundation writes in The NY Times: No chief executive, investor or rich person wakes up in the morning, looks in the mirror, and says, “Today, I want to go out and create more inequality in America.” And yet, all too often, that is exactly what happens. Even before the…
Capitalism Is a Blessing — IQ2US Debates
The IQ Squared Debate series has experts debate today’s the most complex and hotly contested topics. Coming: Is what we get from capitalism worth what we pay for it? We will post a recording of the debate as soon as it is available. Recent polls show that two out of three Americans support capitalism. But…
Crash Course — The Corporate Governance/Strategy Failures of Boeing
At The New Republic, Maureen Tkacik writes about what went wrong at Boeing and how it relates to other corporate failures: Airplane manufacturing is no different from mortgage lending or insulin distribution or make-believe blood analyzing software—another cash cow for the one percent, bound inexorably for the slaughterhouse. In the now infamous debacle of the…
Six Reasons We Don’t Trust the New “Stakeholder” Promise from the Business Roundtable
Originally published on the Harvard Law School Forum on Corporate Governance and Financial Regulation: A new statement from the Business Roundtable commits to stakeholder interests instead of making the primary purpose of the company shareholder value. Long-term shareholders are increasingly committed to explicitly ESG investing, which values stakeholder interests as a way to minimize investment…
The Market Response to Business: More Long Term/Public Good Focus
Andrew Ross Sorkin reports on the sense of one of the most significant business summits, the Milkin Institute Global Conference. The theme of this year’s meeting is significant in itself: “Driving Shared Prosperity.” And so are the results of the survey showing the need for more credible business leaders and products: Edelman’s latest “Trust Barometer:…
Are We on the Verge of Post-Capitalism?
In the Guardian, Paul Mason makes a provocative argument that technology and access to information and data will disrupt the traditional structures of capitalism. We might argue that the trends he describe are more of a return to the original notions of capitalism, with a more direct connection between workers, managers, and providers of capital….
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