Inclusive Capitalism
On this morning’s Day to Day, my social conscience was stirred when, as part of a piece on the new, socially benevolent wave of capitalism, corporate consultant C.K. Prahalad spoke on the challenge of the business world overcoming an historic and near-sighted failure to meet the needs of the poorest 4/5ths of the world, a challenge which he considers equivalent to the fight against communism after WWII:
We cannont accept poverty and deprivation just like we could not accept the lack of personal freedoms in the political front. Now what we are talking about is how to get the same freedoms in the economic front. This is a noble goal because people who are interdependent, people who are connected economically hardly ever go to war.
