Summary of Why We Need to Rethink Capitalism
When only a small segment of society benefits from capitalism, it’s time to rethink its focus.
Modern American society holds corporate success to one standard – profit generation. This mania has widened the income gap, which, in turn, has worsened every societal ill. Billionaire philanthropist Paul Tudor Jones II offers a solution – a “Just Index.” By measuring corporate success by a variety of social benchmarks, the Just Index uses capitalism’s own principles to reintroduce humanity into corporate behavior. getAbstract recommends Tudor’s impassioned speech to concerned capitalists who heed economist Adam Smith’s warning: “If [justice] is removed, the great, the immense fabric of human society…must in a moment crumble into atoms.”
In this summary, you will learn
- How the exclusive emphasis on corporate profits harms society,
- How this focus exacerbates income inequality and
- How the “Just Index” can insert justice into corporate behavior.
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