Beyond ESG: Reforming Capitalism and Social-Democracy
97 Pages Posted: 22 Mar 2021
Date Written: February 16, 2021
The French version of this article is available at: https://ssrn.com/abstract=3786964.
Several voices are rising to demand an in-depth reform of capitalism in the wake of the financial crisis of 2007-2010, the increase in income and wealth inequalities of the last four decades, the climate urgency in a local global world. There is a real danger that governments will be put under pressure from poorly-informed groups and will want to play Goethe’s sorcerer's apprentice: too often, these good intentions are but a paved road to hell. In this document, I analyze various reform projects, I discuss the concepts of ethics and equity (environment, water, life, remuneration, inequalities, ESG) and I propose to add a project for in-depth reforms of capitalism and social-democracy.
Keywords: Value, Capitalism, ESG, Ethics, Equity, Environment, Water, Fair and Equitable Remuneration, New Competitive Capitalism, Competitive Social-Democracy
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