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Episode 2233: John Kay on why (almost) everything we are told about business is wrong

Keen On America

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Rethinking Capitalism: Trust and Value

This chapter explores a nuanced understanding of capitalism, shifting the focus from traditional definitions to a pluralist and market-driven perspective. It emphasizes the importance of trust and collaboration in businesses, critiquing the tendency of companies to prioritize shareholder value at the expense of their core purpose. By examining historical examples like ICI and contrasting corporate approaches, the chapter advocates for a redefined economic landscape that values long-term stability over quick profits.

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