Capitalism Is Back: Learn To Live With It
Private companies and multinationals make the free-market, capitalist economy work. We have just come through a remarkable period in history, when huge efforts were made by the communists and others to eliminate private enterprise, but it is now back all around the world. Humanity cannot live without companies, but how do we learn to live with them?
Instead of eliminating companies we should now accept their contribution to society, but change the law to ensure that with running a business goes the responsibility to help society face the economic, social and especially environmental challenges of the future.
Globally human societies are organically developing social structures based on the work of governments, for-profit and non-profit sectors. Now is the time for private enterprises of the for-profit sector to step forward with the other two formal sectors to help humanity face the challenges of the future. We must actively find ways to bring the power and creativity of private enterprise into positively shaping humanity's future.
David Logan is a co-founder of Corporate Citizenship, an international consultancy working on corporate responsibility and sustainability. He has 40 years of practical experience in frontline corporate responsibility and sustainability work and has worked in Europe, the US and over 30 emerging markets of Africa, Asia and Latin America. He has advised a wide and diverse range of international companies from food to mobile phones.
He is a member of the board of the Institute of Corporate Responsibility and Sustainability and an associate of the Centre for Sustainable Business Practices at the University of Northampton.
Chapter 1: The Great Global Debate
Growing Up With Socialism
The Power of the Communist Vision
Why Did the Communist Project Fail?
China Pioneers a New Vision
The Impact on Western Socialists
Other Organised Opponents of Capitalism
How Does Humanity Feel About Capitalism Today?
Chapter 2: Capitalism: It Is a Love-Hate Relationship
Why Do Companies Exist?
The Early Modern Economy
The Case of Capitalism and Cotton
Companies in the Modern Economy
Companies as the Agents of Capitalism
Chapter 3: Companies in Society Today
Companies are a Key Part of Our Modern Global Society
The Rise of the For-Profit Sector 64 Problems with Capitalism Remain
Companies Have the Freedom to Choose
The Rise of the Non-Profit Sector
The Non-Profit Sector Today
Chapter 4: The World Has Changed
The Emergence of Environmental Awareness
Learning From the CFCs Crisis
Capitalism is Only a Part of the Problem
Companies Have Been Changing Too
An Empowered Population
Chapter 5: A New Social Contract with Business
Companies and the Public Interest
Time to Change the Law
Companies Will Resist Change
Managing Corporate Social and Environmental Responsibility
The Importance of Values
Chapter 6: Facing the Future
Three Perspectives are Better Than One
Companies as Good Citizens
Working in Partnership
Empowering Stakeholders to Be Good Citizens
Does Corporate Responsibility Change Capitalism?
Learning to Live with Our Problems
Notes and References
About the Author