what is compassionate capitalism? who advocated it?
He proposed that a company should contribute back to the community 1 percent of profits, 1 percent of equity, and 1 percent of employee hours. That means he would want a company to give away money, offer shares and provide employment or else voluntary work by the employees. For me, that diminishes his contribution to western economic thought because it suggests that there is some force governing his life that is not in tune with the majority of his fellow citizens. If companies paid decent wages, provided good employee care and produced high quality goods then Benioff’s ideas would be unnecessary. So long as big business treats its employees as “Labour resource”, seeks to pay minimum wages and ignores the needs of customers, Benioff will find followers. His ideas are out of sync with economic theory and policy.
Creative Capitalism = Compassionate Conservatism?
Where governments, businesses, and non-profits work together to stretch the reach of market forces so that more people can make a profit or gain recognition doing work that eases the world’s inequities…. This system, [capitalism], driven by self-interest is response for the incredible innovations that have improved so many lives. It’s always good to see an important person speak so highly and at such great length about the wonder working powers of market forces and describe “Self-interest” in such glowing terms. The whole “Creative capitalism” concept has a certain echo of “Compassionate conservatism,” which wound up being the worst of both worlds. Can Gates-style “Creative capitalism” avoid the same trap?
Book Review: Compassionate Capitalism by Rich DeVos
We believe that success comes only to those who establish goals and then work diligently to achieve them. With our mentor’s help, we should begin immediately to determine our short-term and long-term goals, to write them down, to review our progress at every step, to celebrate the goals we accomplish, and to learn from those we don’t. Rich DeVosWritten by the co-founder of Amway Corporation. Currently he has a net worth of 5.1 Billion. You will find this book packed full We believe that success comes only to those who establish goals and then work diligently to achieve them. You will find this book packed full of stories in support of capitalism and how to be a capitalist that makes a difference in the world.
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Explore Conscious Capitalism’s Philosophy
In 2005, John Mackey, Co-Founder and Co-CEO of Whole Foods Market, and Michael Strong, founded an organization called FLOW to “Liberate the entrepreneurial spirit for good.” Conscious Capitalism was one of the programs that emerged from this endeavor and it soon became the primary focus of the organization. In 2010, the name of this organization was officially changed to Conscious Capitalism Incorporated – a non-profit with a purpose of advancing the integration of consciousness and capitalism. In 2009, Raj Sisodia and Shubhro Sen founded the Conscious Capitalism Institute to support the integration of Conscious Capitalism in business through research, education and development.
Edward Ortiz Jr., in his Jan. 12 Letter responding to “Liberty Theology”, has the nature of capitalism backward. He says that “The idea of capitalism…demands that the individual be selfish.” More accurate is Friedrich Hayek’s observation that “Profit is the signal which tells us what we must do in order to serve people we do not know. By pursuing profit, we are as altruistic as we can possibly be, because we extend our concern to people who are beyond our range of personal conception.” The fundamental concerns of the church are fully compatible with this more profound understanding of how markets work.
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Why Pope Francis wants us to stop worshipping capitalism
Pope Francis’ upcoming visit to the U.S. next week is generating huge interest and expectation. Part of that excitement is rooted in the different tone the pope has taken on a number of issues, from marriage to the role of women in the church. He has also issued a tough critique of capitalism and called for more action on climate change. We kick off our coverage of the pope’s trip, which will continue all next week, with a look at those issues from our economics correspondent Paul Solman. It’s part of our weekly series Making Sense, which airs every Thursday on the NewsHour.