Capitalism is essentially good
Every social and global problem is a business opportunity in disguise.
Capitalism has been the single greatest source of prosperity and solutions to human problems. Together with science and technology, it’s responsible for nearly every object and service that we interact with (including the device that you’re using to read this). Capitalism creates incentives for solving problems, breeds competitive spirit, and makes resulting solutions widely available. It’s lifted populations from poverty in many emerging economies.
We don’t deny that there are corporate scandals and integrity breaches. That’s why we support new approaches like conscious capitalism, redefined capitalism, and long-term capitalism, which focus on on long-term social impacts as much as quarterly financials.
Ultimately, it’s about institutional logic and creating shared value for all stakeholders by intimately weaving the needs and challenges of society into the workings of businesses. This is not your grandfather’s capitalism.
We believe that human work science can improve the lives of people through all kinds of organizations, including businesses. And because they’re resource-rich, businesses are uniquely positioned to meet the fundamental needs of individuals and communities through products and services, corporate sponsorships, and volunteering.