138. How to Run an Ethical Business with Madeline Pendleton
Feb 6, 2024
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Madeline Pendleton, business owner and author of 'I Survived Capitalism and All I Got Was This Lousy T-Shirt,' shares her journey of dealing with loss due to financial stress and how it influenced her approach to running an ethical business. Topics discussed include the emotional connection to money, the struggle of providing employee benefits as a small business, the importance of building a well-designed website, and the significance of budgeting for financial stability.
Poverty is a policy choice made by governments and is a result of policy decisions in capitalism.
Madeline Pendleton provides insights on managing personal finances while being broke.
Small businesses face higher rates of abuse and workplace violations, making collective bargaining and advocacy crucial.
Deep dives
The Impact of Poverty and Capitalism
Poverty is a feature of capitalism, but it is also a policy choice made by governments. People living in poverty and those with good jobs struggling to make ends meet are the result of policy decisions.
Surviving Capitalism and Financial Challenges
Madeline Pendleton discusses her new book on surviving capitalism and provides insights on navigating tough financial situations, including managing personal finances while being broke.
Challenges Faced by Small Businesses
Small businesses often face higher rates of abuse and workplace violations. The lack of collective bargaining and limited resources make it difficult to address issues and advocate for workers.
The Importance of Budgeting and Negotiating
Even in financially challenging situations, budgeting can help prioritize expenses and make informed decisions. Negotiating bills and expenses can also lead to savings and fiscal stability.
Participating in Capitalism and Investing
While recognizing the systemic flaws in capitalism, Madeline emphasizes the importance of participating in the system to protect one's own financial well-being. Investing in stocks is a means to gain ownership in corporations and have a share in their profits.
In today’s episode, Tori sits down with Madeline Pendleton, business owner and author of "I Survived Capitalism and All I Got Was This Lousy T-Shirt," to discuss the intricacies of personal finance, capitalism, and ethical business. Madeline shares her journey of dealing with loss as a result of financial stress, and how it affected the way she now runs her business. Madeline has gone viral for her alternative business model and in this interview she’s sharing invaluable insight on managing money and navigating that path while trying to stay true to her ideals.