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The Future of Capitalism.

The Future of Capitalism.

marketing capitalismMcKinsey just posted a very interesting commentary from Unilever C.E.O. Paul Polman.   It’s definitely worth a read.

Capitalism has served us enormously well. Yet while it has helped to reduce global poverty and expand access to health care and education, it has come at an enormous cost: unsustainable levels of public and private debt, excessive consumerism, and, frankly, too many people who are left behind. Any system that prevents large numbers of people from fully participating or excludes them altogether will ultimately be rejected. And that’s what you see happening. People are asking, “What are we doing here? The amount of resources we currently use is 1.5 times the world’s resource capacity. Is that sustainable? A billion people still go to bed hungry. Is that sustainable? The richest 85 people have the same wealth as the bottom 3.5 billion. Is that sustainable?” Digitization and the Internet have given consumers enormous abilities to connect and aggregate their voices. Power is dispersed, but wealth is concentrated. Further development and population growth will put a lot more pressure on our planet.  Capitalism needs to evolve … (Read the rest of the article here)

What are you doing in your business and your personal life to re-think sustainability and the future of capitalism?

 

Paul Polman’s Speech on Sustainability

 

 

1 Comment
  1. Great post. Makes me think about how corporate responsibility has suffered over the past few years. Good to know that at least one company is on board

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