At Work with The Ready Brave New Work 58. Brave New Work and Capitalism
Jan 21, 2021
The discussion sparks a provocative analysis of capitalism, exploring its ethical dilemmas and societal impacts. The hosts emphasize the need for sustainable growth that balances profit with community well-being. Personal reflections reveal how upbringing shapes beliefs around money and success. They challenge traditional notions of achievement by advocating for purpose over mere profit. Delving into capitalism's hidden costs, they stress the importance of collective welfare, reshaping the narrative around business practices to prioritize transparency and meaningful success.
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Conscientious Wealth Creation
- Many people aren't anti-profit; they want constrained, meaningful wealth creation that doesn't harm democracy or communities.
- Responsible capitalism balances performance with societal and democratic costs.
Gravity Payments Example
- Aaron uses Dan Price and Gravity Payments as a case where raising the floor worked and the company stayed profitable.
- The example shows you can improve employee pay and still sustain business performance.
When Growth Becomes Anti‑Competitive
- Unchecked growth leads firms to become too powerful and undermine competition by lobbying and becoming systemically important.
- Growth that removes market discipline creates 'too big to fail' distortions, which is anti-capitalist in spirit.