Capitalism has over-focused on profit-maximization to the detriment of workers, the environment and even the businesses themselves, but by balancing the needs of all stakeholders, capitalism can thrive again. As business becomes an ever more powerful institution, it must similarly accept this responsibility for the wellbeing of all citizens. There is no doubt that while Capitalism and free trade has been good in the aggregate, it has not always been positive for all individuals. Unless our growth is inclusive, it will not be sustainable. The good news is that businesses that do care for the wellbeing of all stakeholders and have a purpose beyond making profits are more sustainable AND successful. If we can evolve toward a more Conscious Capitalism, we can achieve more inclusive growth while also achieving the systems-level cooperation necessary to tackle the global issues we face. Can purposeful businesses that balance the needs of all their stakeholders compete with profit-driven companies that prioritize their stockholders above all? Conscious Capitalism has proved that they can…and the movement is growing! In addition to co-founding a local chapter of this worldwide movement, Andrew is the Chief Evolutionary Officer of The XLR8 Team, where he works with leaders to evolve themselves toward realizing their purpose and evolving their company’s culture into a competitive advantage. Andrew’s forthcoming book, For The EVOLution of Business, explores how the principles of positive psychology and cultural evolution reveal the path toward a more “conscious” capitalism and why the only sustainable path to a thriving planet is through inclusive prosperity. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at [ Ссылка ]
