Category: Wealth (economics)

How Stakeholder Capitalism Can Reshape Our World!

Imagine an economy as a bustling neighbourhood block party. At such a gathering, everyone contributes—some bring food, others bring music, and a few offer games and activities for kids. This event flourishes only when everyone benefits, making attendees content and the community stronger. Now, consider the economy through the same lens. As

Beyond GDP: Urgently Rethinking Prosperity in a Finite World!

What if true prosperity is not measured by the incessant rise of our GDP but by our communities’ health and our planet’s vitality? In “Prosperity Without Growth: Economics for a Finite Planet,” Tim Jackson dismantles the notion that relentless economic growth is the key to lasting prosperity. He advocates for a vision

Beyond Capitalism: Exploring New Paths to Sustainability!

Part 2 Our previous discussion explored the complex relationship between capitalism and sustainability (here). We examined how capitalism—driven by competition and self-interest—has fuelled innovation and growth but at our planet’s and communities’ expense. Now, let’s shift gears and explore what lies beyond the horizon. Is there a better way to balance economic

A Compass to Unchartered Business Success!

In the quest for business growth and innovation,  companies often find themselves trapped in a fierce battle for market share, like sharks fighting over a dwindling supply of fish in a red ocean. To break free from this “red ocean” of competition, W. Chan Kim and Renée Mauborgne’s book “Blue Ocean Shift:

Discover the Changing Power of Social Entrepreneurship!

Social entrepreneurship is like a lighthouse in a stormy sea—it guides society toward change, breaking through the darkness and helping people find a safer course. In their insightful work, Social Entrepreneurship, Roger L. Martin and executive Sally R. Osberg explore what makes social entrepreneurship so potent, how it differs from conventional social services,

Why Economic Growth Doesn’t Solve Inequality?

When we think of progress, we often equate it with wealth. After all, isn’t a booming economy with new technologies, businesses, and opportunities supposed to uplift everyone? Surprisingly, a 19th-century political economist, Henry George, posed a thought-provoking question: Why does poverty persist and worsen as societies grow richer? In his seminal work

The Inevitable Switch: From Capitalism to Socialism!

Often seen as opposing forces, are capitalism and socialism like two dancers performing a complex routine together in the big story of economic systems? In his groundbreaking work “Capitalism, Socialism, and Democracy,” the first edition in 1942, Joseph A. Schumpeter offers a compelling, if somewhat unsettling, portrait of capitalism’s future. Then, he

The Dawn of the 5IR: Humans and Machines, Better Together!

Did you know that our world has been driven forward by a series of advancements, each propelling us into the future? The first advancement, known as the First Industrial Revolution, was powered by steam. The second was powered by electricity, the third by computers, and the fourth by intelligent machines, robotics, and

Tomorrow’s World: Changes in Our Lives and Careers!

Are you ready? The future is hurtling towards us at an unprecedented pace, and it’s a wave we can’t stop. As we find ourselves on the brink of the Fifth Industrial Revolution, a period of significant technological, economic, and social change, the speed of technological change can be daunting. It’s like a

Balancing Back From “Me, Myself and I To Us and We”

Why has society’s pendulum swung back and forth between individualism and collectivism over the past century, and what implications does this movement hold for democracy and social cohesion? On the one hand, we have individualism, which is characterised by self-interest and division—the “I” society. On the other hand, lies collectivism, where community