Big business, shareholders and society
What companies are for
Competition, not corporatism, is the answer to capitalism’s problems
Across the West, capitalism is not working as well as it should. Jobs are plentiful, but growth is sluggish, inequality is too high and the environment is suffering. You might hope that governments would enact reforms to deal with this, but politics in many places is gridlocked or unstable. Who, then, is going to ride to the rescue? A growing number of people think the answer is to call on big business to help fix economic and social problems. Even America’s famously ruthless bosses agree. This week more than 180 of them, including the chiefs of Walmart and JPMorgan Chase, overturned three decades of orthodoxy to pledge that their firms’ purpose was no longer to serve their owners alone, but customers, staff, suppliers and communities, too.
The CEOs’ motives are partly tactical. They hope to pre-empt attacks on big business from the left of the Democratic Party.
Hinter den Kulissen von Big Business.
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