@draganthinksthoughts: The Collapse of Modern Capitalism: How Broken Leadership and Insurance Failures Demand a Moral Revolution. The collapse of ethical capitalism is leading to widespread dissatisfaction. Here's why: - Adam Smith believed that self-interest should benefit society. - Milton Friedman's redefinition shifted the focus to profit over ethics. - This has created a system that often prioritizes shareholders over people. The Ethical Decline: - Mass layoffs prioritize short-term profits. - Insurance companies deny valid claims. - CEOs, like Jack Welch, focus on short-term stock prices over long-term value. Consequences: - The middle class is shrinking. - The wealth gap is widening. - Trust in leadership is eroding. Examples of Ethical Leadership: - Eastman implemented pay cuts instead of layoffs during the 2008 crisis. - Dan Price cut his own salary to raise employee wages. The Rise of Populist Movements: - Economic disparities are fueling dissatisfaction. - Both left and right ideologues are critiquing elitism. Realigning Capitalism: - Embrace long-term company value. - Prioritize employee and consumer well-being. - Adopt stakeholder capitalism. Reflection: What changes can you push for to restore balance in your organization?

Dragan

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Monday 23 December 2024 15:29:29 GMT