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CORPORATIONS: THE SOCIALIZATION OF COST AND CAPITALIZATION OF GAIN
In contrast, our society understands very little about what it knows. It has ever less understanding and wisdom in relation to the data, information, and knowledge it commands. The immensity of data and information which assaults our lives is not conditioned by a similar increase in social, economic and spiritual values--in a word, wisdom. Our vast... See more
Dee Hock • DATA TO WISDOM - Dee W Hock
A few examples include: Greed is good. Maximizing pleasure from consumption is the goal. A billion acts of selfishness will lead to a prosperous society. The social duty of business is just to maximize its profits. There’s no such thing as society, only individuals—that was Margaret Thatcher’s famous quote. Markets are efficient; other institutions
... See moreW. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Indeed the most profound act of corporate responsibility for any company today is to rewrite its corporate by-laws, or articles of association, in order to redefine itself with a living purpose, rooted in regenerative and distributive design, and then to live and work by it.
Kate Raworth • Doughnut Economics: The must-read book that redefines economics for a world in crisis
In a way, the practitioners of capitalism created their own trap and fell into it. They accepted as fact a narrow conceptualization of business and then proceeded to practice it in that way, creating a self-fulfilling prophecy. Had they rejected the caricaturized version and embraced a richer, more complex definition of capitalism, this would not h
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