A New Spirit of Capitalism: Toward More Sustainable and Inclusive Economies

by The Trilateral Commission

Overview

Capitalism represents the greatest engine of material well-being that the world has ever seen. But skepticism about its viability has grown across the political spectrum, on the back of rising inequalities, climate change and digital disruptions. This book joins the debate about the crisis of capitalism—not by blindly defending the system, but by advocating concrete proposals to put it on a more socially and environmentally sustainable path.

Too often, conversations about the future of capitalism consider it as a homogeneous socio-economic system whose features vary little from one location to another; this commonly leads to one-size-fits-all recommendations to address capitalism's flaws. The contributors to this book, by contrast, look at the transition needed from the perspective of capitalism's multi-faceted nature, in response to challenges including the green transition, the digital revolution and spiraling inequalities. These present difficult trade-offs in terms of growth, efficiency and stability, which each capitalist model will solve differently.

Product Details

ISBN-13:	9781787387942
Publisher:	Hurst
Publication date:	07/29/2022
Pages:	282
Product dimensions:	8.74(w) x 5.80(h) x 1.03(d)

About the Author

The Trilateral Commission aspires to shape a new economic consensus, pushing the world towards the most optimal growth path from a societal perspective. It advocates a new spirit of capitalism that goes beyond the simple profit motive and realigns market incentives to channel different economic actors towards the common good.

Table of Contents

List of Exhibits ix

List of Boxes xi

Foreword by Trilateral Commission Co-Chairs xiii

Preface to Report by Task Force Co-Chairs xvii

Acknowledgements by Research Director xxiii

1 Capitalism's Fifth Stage 1

2 Getting to Net Zero 33

3 A Digital Future for All 77

4 Toward a More Equitable Future 121

5 Toward a New Spirit of Capitalism 161

Appendices 169

List of Task Force Members

List of Task Force Meetings and Invited Speakers

Notes 175

Index 213