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The World Dialogue: Can Capitalism be Compassionate?
Get social Capitalism has always won its battles against competing economic systems, whether it was feudalism in the 19th century or socialism and communism in the 20th century. Despite its relative success, it continues to battle its critics. Free market economics may have proved to be the efficient way to allocate scarce resources but concerns about rising inequality over the last three decades the world over have raised questions about whether it is the fairest way to allocate resources. The welfare state of the West, which is now bursting at the seams, was an attempt to show that capitalism can be compassionate. India’s obsession with redistributive policies like the MGNREGA shows similar intent.
Governments are inefficient and often do not deliver the desired results. Both nations know capitalism and compassion intimately.
A compassionate teacher is a
Compassionate silence very well may be the truest form of compassion we can muster. The minute we open our mouths we run the risk of judgment and scorn, if not implicitly so then very possibly run the risk of what we say being inferred as judgment or scorn. Jane Austen, in Pride and Prejudice use the phrase at least twice to describe Darcy’s compassionate silence for Elizabeth and the new age meditations of manifestation it is compassionate silence that is listed as the very first step to manifesting ones dreams. As brutal and uncaring as the universe can seem, indeed its steady march towards total destruction or endless expansion of coldness and darkness would make it seem as a brutal place and yet surely the universe must be compassionate for it is truly silent on our pain and suffering.
Choice between communism and capitalism
Corporations can buy their way out of everything and get massive tax breaks while your average salary bloke ends up paying larger than his share…, ALL Taxes are passed along down the line to the individual. Inequality between rich and poor grows. US foreign policy apart from being influenced by lobbyists that represent foreign governments is also heavily influenced by oil&gas companies, financial industry and the weapons industry that need wars so that their weapons get sold. All these elements are able to get politicians to go so far because of unbridled capitalism that values access to capital over people. Politicians will take money and favors from anybody.
Hybrid Economics – the balance between capitalism and socialism
If you are an extreme capitalist, you’re probably wrong. If you are an extreme socialist, you’re probably wrong. The right answer lies somewhere in between these two extremes. Consider my widget company:In an extreme capitalism I can hire thieves to take my competitor’s truck fleet at night when he’s sleeping, or maybe just murder him outright to increase my profits. In an extreme socialism the government can tell me that they don’t approve of my widget business, or require me to operate my business according to their instructions.
The right answer is to be able to pursue my own ideas the way that I want, but within the limits of civility.
Marc Benioff & Karen Southwick
In Compassionate Capitalism, Salesforce.com CEO Mark Benioff and veteran journalist Karen Southwick show companies, large and small, how they can use all of their resources to help their communities and, in doing so, help themselves and their employees as well. By using real-life examples from dozens of corporations and nonprofits, including Hasbro, IBM and Levi Strauss, the authors show corporate leaders how they can dare to be great by integrating community service within their organizations.