- 392 pages
- English
- PDF
- Available on iOS & Android
About this book
From the author of Capitalism at the Crossroads, a call to consciousnessâand actionâfor individuals, organizations, communities, and nations.
Our current Milton Friedmanâstyle "shareholder primacy capitalism," as taught in business schools and embraced around the world, has become dangerous for society, the climate, and the planet. Moreover, Stuart L. Hart argues, it's economically unnecessary. But there are surprising reasons for hopeâfrom the history of capitalism itself. Beyond Shareholder Primacy argues that capitalism has reformed itself twice before and is poised for a third major reformation. Retelling the origin story of capitalism from the fifteenth century to the present, Hart argues that a radically sustainable, just capitalism is possible, and even likely, in our lifetime.
Hart goes on to describe what it will take to move beyond capitalism's present worship of "shareholder primacy," including corporate transformations to re-embed purpose and reforms to major economic institutions. A key requirement is eliminating the "externalities" (or collateral damage) of our current shareholder capitalism. Sustainable capitalism will explicitly incorporate the needs of society and the planet, include a financial system that allows leaders to prioritize the planet, reorganize business schools around sustainable management thinking, and enable corporations not just to stop ignoring the damage they cause, but actually begin to create positive impact.
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Information
Table of contents
- Cover
- Title Page
- Copyright
- Contents
- Acknowledgments
- Foreword: Brian Griffith, Executive Chairman, Griffith Foods
- Preface: The Sustainable Business Movement Is Broken
- Prologue: Better Angels Versus Animal Spirits
- Part I. The Past Is Prologue: Capitalism Has Been Remade Twice Before
- Part II. Corporate Transformation: âWin-Winâ Solutions Will No Longer Suffice
- Part III. Institutional Redesign: Businessâs Indispensable Role in System Change
- Denouement: What Does It All Mean?
- Notes
- Index
- Back Cover