We can use capital with abandon now, because it’s abundant and cheap. But we can no longer waste education, subsidizing fields that offer few jobs. Optimizing return on capital will generate less growth than optimizing return on education.
Over the course of this series, we have outlined a case for Breakthrough Capitalism. We successfully move towards our Breakthrough scenario when business, government, community, and entrepreneurial leaders work together to change the rules of the game in the key systems in which they operate. Among other things, this involves transforming how investors, suppliers, customers, employees, and competitors define, value, and pursue social impact.
Good piece by John Elkington (read his book ZERONAUTS
Generally, as economists calculate the past year’s investment, expenditure, consumption and production, there is a conspicuously missing component in the equation — what remains — specifically what is left of the natural resource stock and the social dividends that it can pay in the future. Without this key form of capital in the equation, IWI argues that there can be no clear assessment of national economic policies and their long-term sustainability. (via The inclusive wealth of nations - OurWorld 2.0 | OurWorld 2.0)
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The widening gaps within many countries are beginning to worry even the plutocrats. A survey for the World Economic Forum meeting at Davos pointed to inequality as the most pressing problem of the coming decade (alongside fiscal imbalances). In all sections of society, there is growing agreement that the world is becoming more unequal, and that today’s disparities and their likely trajectory are dangerous. (via For richer, for poorer | The Economist)
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