The burgeoning economic inequality between the richest and the poorest is a cause of concern for social, political, and ethical reasons. While businesses are both implicated and affected by growing inequality, business schools have largely neglected to subject the phenomenon to sufficient critique. This is, in part, because far too many management educators rely on orthodox economic perspectives—often represented by neoliberal capitalism—which have dominated the curricula and the teaching philosophy of business schools. To address this issue, this article underscores the need for business schools to critically examine the relationship between neoliberal capitalism and economic inequalities, and to overtly engage with this nexus in pedagogical practice. The article concludes by revisiting the concepts of relationality and answerability as paths by which to address the current predicament. Relationality and answerability collectively offer: i) conceptual and reflexive tools by which to re-imagine business school education, and, ii) space for business schools to debate important questions about the taken-for-granted, but problematic, assumptions underlying the ideology of neoliberal capitalism

Hubert Joly, former chairman and CEO of Best Buy, says that now is the time for companies to get serious about operating to benefit not just shareholders but also employees, customers and broader society. In the face of environmental crisis, racial turmoil, and rising economic inequality, he argues that leaders shouldn't debate whether or when to embrace this new version of capitalism. They should focus on how to do it. He says this starts with having a clear purpose and ensuring that everyone in the organization connects with it and one another. It also involves offering fair pay and opportunities for advancement and working with, not against, consumers, the community, the competition. He shares how these strategies helped turn Best Buy around despite the rise of Amazon. Joly is the author of the book “The Heart of Business: Leadership Principles for the Next Era of Capitalism” and the HBR article “How to Lead in the Stakeholder Era.”

Paul Polman, former CEO of Unilever, led a dazzling career in consumer goods, from Procter & Gamble to Nestlé to the British multinational. His experience fending off a hostile takeover bid taught him that the doctrine of shareholder capitalism is wrong. He believes there’s a better way of doing business, one that embraces all stakeholders — not just stockholders — and improves the environment. He cofounded the consultancy IMAGINE to further sustainable goals, and he shares his advice for the next generation of leaders. With Andrew Winston, Polman wrote the new book “Net Positive: How Courageous Companies Thrive by Giving More than They Take”.

Monopoly is one of the best-selling board games in history.

The game's staying power may in part be because of strong American lore — the idea that anyone, with just a little bit of cash, can rise from rags to riches. Mary Pilon, author of The Monopolists: Obsession, Fury, and the Scandal Behind the World's Favorite Board Game.
But there's another origin story – a very different one that promotes a very different image of capitalism. (And with two sets of starkly different rules.) That story shows how a critique of capitalism grew from a seed of an idea in a rebellious young woman's mind into a game legendary for its celebration of wealth at all costs.

This episode was made in collaboration with NPR's Throughline. For more about the origin story of Monopoly, listen to their original episode Do Not Pass Go.

This episode was produced by Emma Peaslee, mastered by Natasha Branch, and edited by Jess Jiang.

The Throughline episode was produced by Rund Abdelfatah, Ramtin Arablouei, Lawrence Wu, Laine Kaplan-Levenson, Julie Caine, Victor Yvellez, Anya Steinberg, Yolanda Sangweni, Casey Miner, Cristina Kim, Devin Katayama, and Amiri Tulloch. It was fact-checked by Kevin Volkl and mixed by Josh Newell.

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Summer camp is a classic rite of passage in the U.S. It's a place of self-discovery, where kids come to make new friends and take on new challenges. But what if it were ALSO a place where children came to learn how to survive in a free market economy?

That's part of the idea behind a summer camp at JA BizTown, in Portland, Oregon. Kids at the camp run tiny fake businesses in a tiny fake town. There are retail stores and restaurants, insurance companies and power utilities. As camp begins, a gaggle of child CEOs take out business loans from their peers in the tiny fake banking industry – and they spend the day racing to run their businesses profitably enough to get out of debt before pickup time.

On today's show, Planet Money takes a romp through capitalism summer camp. Will the children of BizTown be able to make ends meet and pay back their loans to the banks? Or will a string of defaults send this dollhouse economy into financial collapse? It's Shark Tank meets Lord of the Flies.

This episode was hosted by Alexi Horowitz-Ghazi and Sally Helm. It was produced by James Sneed, and edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Gilly Moon. Planet Money's executive producer is Alex Goldmark.

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A coalition of churches has achieved some successes in resisting and mitigating against rent gouging and displacement after Hurricane Ian.

A paradigm shift for our economy begins when we name and see the anti-democratic bias that lies at the heart of our capital-centric system.

We can blame capitalism for worsening the climate crisis, says journalist Akshat Rathi, but we can also use it to create the solutions we need for the mess we're in. He details how “climate capitalism” — the strategic use of market forces and government policies to make polluting the planet cost more than advancing climate solutions — can flip the script and actually make sustainability profitable.

South Pasadena, California : Semiotexte/Smart Art, [2018]

Berkeley, CA : University of California Press, [2023]

New York : Simon & Schuster, [2024]

KidZania is an unashamed shrine to the sterile, dystopian human-made landscapes, comedian Steve Parry writes.

BRS leader faulted Congress govt in Telangana for spending ₹300 crore on ads in the media in Maharashtra in support of the Congress (MVA) there

“We live in a highly integrated society where what one person does affects others; So that’s why you need collective action. You need government, you need regulation, you need public investment,” says Nobel Laureate

Leading financial analyst and investor Ruchir Sharma on what ails capitalism and the possible cures

Surviving Self-Distancing - Day 2

As Elon Musk sues Californian authorities for stopping a Tesla factory from reopening, he has found a somewhat novel way of dealing with his critics – dismissing them with short Russian insults.
Read Full Article at RT.com

The granola guru John Mackey has a new book and is once again making waves with his outspoken views.

Michael E. Porter, Bishop William Lawrence University Professor and coauthor of the HBR article "Creating Shared Value."

John Mackey, co-CEO of Whole Foods Market and coauthor of "Conscious Capitalism: Liberating the Heroic Spirit of Business."

This week's "Poke Me" invited your comments on "Time to Tweak Capitalism". Here are the selected opinions that were published in the ET print edition on Saturday.

Is modern capitalism, itself, a threat to the survival of capitalism? Or will corporations always find a way to monetise misery? Paul Barclay speaks to Yanis Varoufakis and Antony Loewenstein

2019

The effects of income inequality have been felt throughout society but they are especially evident in the current coronavirus crisis. For instance, workers in the information economy are able to telework and draw their salaries, but workers in the service sector are either unemployed or at great risk as they interact with customers during a…

The effects of income inequality have been felt throughout society but they are especially evident in the current coronavirus crisis. For instance, workers in the information economy are able to telework and draw their salaries, but workers in the service sector are either unemployed or at great risk as they interact with customers during a…

We hosted a Panel Discussion on “The Crisis of Democratic Capitalism” with Martin Wolf, Chief Economics Commentator & Associate Editor, at The Financial Times. Martin was awarded the CBE, the Commander of the Order of the British Empire, in 2000, “for services to financial journalism”. He was a member of the UK government’s Independent Commission…

We hosted a Panel Discussion on “The Crisis of Democratic Capitalism” with Martin Wolf, Chief Economics Commentator & Associate Editor, at The Financial Times. Martin was awarded the CBE, the Commander of the Order of the British Empire, in 2000, “for services to financial journalism”. He was a member of the UK government’s Independent Commission…

Underlying every economic system is a social contract setting people’s norms, values, and beliefs, thereby determining how people are expected to behave within the economy, what their reciprocal obligations are, and how the economy is to be run. Many market economies around the world—in both advanced and emerging countries—rest on a materialistic social contract that…

The 2020 annual meeting of the World Economic Forum opens this week with the theme of “Stakeholders for a Cohesive and Sustainable World.” More than 3,000 global leaders, including 53 heads of state, will convene in the resort town of Davos on the Swiss Alpine to deliberate on pathways to “stakeholder capitalism.” The Forum’s theme…

The effects of income inequality have been felt throughout society but they are especially evident in the current coronavirus crisis. For instance, workers in the information economy are able to telework and draw their salaries, but workers in the service sector are either unemployed or at great risk as they interact with customers during a…

The rise of populism in the West and the rise of China in the East have stirred a debate about the role of democracy in the international system. The impact of globalization and digital capitalism is forcing worldwide attention to the starker divide between the “haves” and the “have-nots,” challenging how we think about the…

As of the end of April, the amount of COVID-19 deaths in Sweden per 1,000 inhabitants is three times that of Denmark, three times that of Germany and four times that of Norway. The government is peddling the nationalist idea that Sweden is somehow different and better than the rest of the world. But the pandemic has revealed the true colours of Swedish class society.

Naomi Klein's latest book is about more than just science. She explores the extractivist mentality and historic decisions that have led us to where we now find ourselves, living in a totally unsustainable way.

The covering-yourself-with-blankets movement isn't nearly as cuddly as it seems.

Take subversive action in small ways.

The scientist saw a system that oppressed both society and nature.

The Omega Family Office chairman and CEO said on CNBC's "Squawk Box" that taxes will need to go up regardless of who wins the upcoming presidential election.

Greece’s former finance minister Yanis Varoufakis and Irish economist David McWilliams on the hope for a global new deal

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David McWilliams: I think it is fair to say that capitalism – in the course of this unprecedented crisis – has been suspended. We are not going back to where we were, to business as usual. The state has come back, and this episode will not be forgotten by the electorate. I don’t know where we are going, but one thing seems clear: we are not going back.

Yanis Varoufakis: I like this phrase: capitalism has been suspended. The last time capitalism was suspended in the west was during the second world war, with the advent of the war economy: a command economy that fixed prices. The war economy marked the transcendence of the standard capitalist model.

The fact that Germany is now in the same pile of shit as the rest of us offers a glimmer of hope

My sense is that the period when you could travel, engage, move, we might have reached the end of that open period.

This is an edited version of a conversation that will appear in A Vision for Europe 2020: Nothing But an Alternative, published this month by Eris.

The spread of COVID-19 threatens the lives of more than 2.3 million people locked up in prisons and jails throughout the United States. We look at how the call to release prisoners during the coronavirus pandemic makes the case for prison abolition, with scholar Ruth Wilson Gilmore, co-founder of California Prison Moratorium Project and Critical Resistance and the author of "Golden Gulag: Prison, Surplus, Crisis, and Opposition in Globalizing California." Her forthcoming book is "Change Everything: Racial Capitalism and the Case for Abolition."

It’s time for unloved UK equities to take their place in investors’ portfolios

Bernie Sanders and Mike Bloomberg locked horns on political philosophy in Wednesday's Democratic presidential debate, arguing over who's a communist and who's a socialist.

New York, NY : Oxford University Press, 2019.

New York, NY : Oxford University Press, 2019.

London ; New York : Routledge, 2006

Dewey Library - HB501.C53 2019

Dewey Library - HC110.C3 F73 2019

Dewey Library - HB501.B76 2019