Michael Wolraich: We will never reach a state wherewell, if we allow innovation to continue to occur, we will continue to create new jobs. And yes, automationll come along, jobs will be eliminated but then innovations occur in new ways we can't even imagine right now that will create new jobs. It's the dynamic nature of capitalism or innovationism. There's disruptions, their dislocations. There's real suffering that occurs. If we're carrying compassionate people, we act in our own private way and citizens to try to help people. Maybe there's a role for government as well for non-profit organizations to help those who are dislocated by change. Utopiais
John Mackey says the treatment for the cancer of crony capitalism is conscious capitalism, grounded “in an ethical system based on value creation for all stakeholders,” which includes not just owners, but employees, customers, the community, the environment, and even competitors, activists, critics, unions, and the media. Mackey cites Google and Southwest Airlines as role models, and pharmaceutical companies and financial corporations as anti-role models. In a surprise pivot, Mackey lays the blame for the myth of the profit motive as the only measure of value at the feet of capitalists themselves. Mackey’s goal is to write a new narrative for capitalism that asks us to care about customers and human beings instead of data points on a spreadsheet.