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Dear John, Challenges such as income inequality, crumbling infrastructure, market consolidation, climate change, underinvestment, and the financialization of America’s economy pose serious threats to our continued social stability and global leadership. The COVID-19 crisis, together with outrage about the ongoing racism in America, has made it clearer than ever that our current system of capitalism does not work for most Americans. In fact, a recent JUST Capital Harris Poll revealed that 75% of Americans believe our current form of capitalism doesn’t ensure the greater good of society, and only 29% believe it produces the kind of society they want for the next generation or believes it works for the average American. Clearly, discontent with what our current economic system extends beyond partisan divides. To address the economic crisis, the American Sustainable Business Council (ASBC) has crafted a report on Creating an Economy That Works for All. ASBC hopes policymakers treat the economic crisis with the gravity and attention it requires. That is why we are presenting a half-hour on-line program this week during the Republican National Convention to capitalize on increased attention to policy and politics. In recent history, management has focused on maximizing value for themselves and their shareholders. But a growing chorus of finance experts and business leaders, including the Business Roundtable, argues that this narrow focus has come at great cost to customers, employees, suppliers, and communities who have an even larger stake in the economy. If we are to assure an economy that works for all, then business leaders must implement ways to address the priorities of all their stakeholders; to make our system of capitalism more fair, just, and accessible. The presentation will feature: | |
