The Problems

  • Businesses can help combat climate change and other crises by becoming purposeful and sustainable, rather than pursuing destructive short-term goals. This includes rethinking the capitalist system to give value back to communities, rather than solely profiting from them.
  • Prioritizing shareholder returns over everything else is damaging to both the planet and business. This mentality stems from the ideas of economist Milton Friedman, who believed that the sole moral responsibility of business was to increase profits, with shareholders being the primary focus.
  • Prioritizing shareholder returns has resulted in many of the problems we face today, including devastating climate change and widespread inequality. Big businesses have successfully lobbied against legislation that would create more equality because they believe it would negatively impact their shareholder returns. This has led to the election of authoritarian populist leaders around the world.

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