Mark Carney the Governor of the Bank of England spoke at the "Inclusive Capitalism" conference last night. Again this blog is going to quote excerpts directly from someone (Mark Carney). Here goes " capitalism is at risk of destroying itself unless bankers realise they have an obligation to create a fairer society....Prosperity requires not just investment in economic capital but investment in social capital". He talked about the banks having an unacceptable "heads-I-win-tails-you-lose" mentality and called for more professional standards in banking and more personal accountability.
This, along with yesterday's blog on Unilever's approach to investors and the long-term, is starting to suggest that some in big business are beginning to see the light ie that capitalism requires ethical behaviours just as much as, if not more than,other business models. The fair treatment of all stakeholders (removing zero hours for employees for example) and more transparency as this blog expounds, would be good starting points. We really need to be moving towards a win:win positioning for all.
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