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Win-Win  
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Rating: 0 of 0 votes Quote Win-Win Replybullet Topic: The Davos Manifesto: Vision for Better Capitalism?
    Posted: Yesterday at 4:53am
An interesting question and topic published this week:

Why we need the 'Davos Manifesto' for a better kind of capitalism

What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly.

Generally speaking, we have three models to choose from.

The first is “shareholder capitalism,” embraced by most Western corporations, which holds that a corporation’s primary goal should be to maximize its profits.

The second model is “state capitalism,” which entrusts the government with setting the direction of the economy, and has risen to prominence in many emerging markets, not least China.

But, compared to these two options, the third has the most to recommend it. “Stakeholder capitalism,” a model I first proposed a half-century ago, positions private corporations as trustees of society, and is clearly the best response to today’s social and environmental challenges...

... “Davos Manifesto,” which states that companies should pay their fair share of taxes, show zero tolerance for corruption, uphold human rights throughout their global supply chains, and advocate for a competitive level playing field – particularly in the “platform economy.”...


Is there a better fourth model more suitable for our times?

Can we offer a better alternative that is also free from interest-based finance?

What do you think?

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