Why academia needs to stop pigeonholing capitalism
By Geoff Campbell and Aleksandra Corwin of Round Table Companies
Capitalism exploits workers. Capitalists are greedy. Capitalists destroy the environment. Or so say capitalism’s critics.
The litany of complaints about capitalism stretches to the horizon, ignoring the fact that capitalism has improved the lives of countless millions and serves as the single-most powerful force for good the world has ever seen.
Why the disconnect? Any business people worth their salt know that the essential ingredient to long-term success is balancing the needs of the entire stakeholder chain. Yet there continues to be a mismatch between the prevailing narrative about business (greedy pigs) and the reality we know to be synonymous with a truly successful business (value-creators for everyone the business touches).