Warren Valdmanis, an impact investor and author of 'Accountable: How We Can Save Capitalism', joins Michelle Meagher, founder of the Inclusive Competition Forum and author of 'Competition Is Killing Us', to explore the intersection of business and social good in a post-COVID-19 world. They discuss the evolution from corporate social responsibility to integrated ESG practices and the need for businesses to realign their purpose toward social impact. The duo emphasizes accountability, ethical practices, and the influence of consumer choices in shaping a more equitable economy.
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insights INSIGHT
Capitalism's Impact
Capitalism has lifted billions out of poverty since 1990.
Businesses must address issues like short-termism to reform capitalism.
question_answer ANECDOTE
Socially Responsible Strip Mine
A family-owned strip mine prioritizes restoring nature after mining.
Their intergenerational thinking fosters community buy-in and long-term sustainability.
insights INSIGHT
Long-Term Value Creation
Focusing on short-term profits can harm long-term value creation.
Building durable, long-term relationships with stakeholders is crucial.
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In 'The Great Economists: How Their Ideas Can Help Us Today', Linda Yueh delves into the key thoughts of influential economists from Adam Smith to Robert Solow, examining how their ideas continue to shape economic policy and address contemporary issues such as globalization and economic growth. The book provides insights into how these economists' theories can help solve modern economic problems.
Competition Is Killing Us
Competition Is Killing Us
Michelle Marr
Accountable
The Rise of Citizen Capitalism
Warren Valdmanis
Michael O'Leary
In 'Accountable', Michael O'Leary and Warren Valdmanis challenge current economic thinking by arguing that corporations need to be held accountable to a purpose beyond profit. They critique tools like corporate social responsibility and impact investing, suggesting these may exacerbate problems. The book offers a hopeful vision for transforming capitalism into a more inclusive and sustainable system.
As Covid-19 continues to suspend normal life across much of the globe, many commentators have argued the present moment offers a unique opening to re-imagine our societies and economic system. On this week's episode we delved into this topic with impact investor, Warren Valdmanis, and Michelle Meagher, founder of the inclusive Competition Forum, to discuss whether businesses can be a part of the solution to delivering social good in the age of Covid-19. The podcast was moderated by economist and broadcaster Linda Yueh. To order Warren Valdmanis's book click here: https://amzn.to/3gOEydo . To order Michelle Meagher's book click here: https://amzn.to/2XQl6pe. ------------------------------ Intelligence Squared+. The world's best speakers. Your questions. £4.99 per month. Intelligence Squared+ will bring you live, interactive events every week on our new online platform. Just like at our real-life events, you’ll be able to put your questions to our speakers, vote in live polls and interact with other members of the audience. Your subscription will give you access to multiple events featuring the world’s top thinkers and opinion formers, including Thomas Piketty, Margaret Atwood, Clive Woodward, Thomas Friedman, Meera Syal and Paloma Faith. For a full list of Intelligence Squared+ events and to subscribe, click here: https://bit.ly/2yfYIfm
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