Beyond ESG: Reforming Capitalism and Social-Democracy

97 Pages Posted: 22 Mar 2021

See all articles by Marcel Boyer

Marcel Boyer

CIRANO, Université de Monréal

Date Written: February 16, 2021


The French version of this article is available at:

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

Suggested Citation

Boyer, Marcel, Beyond ESG: Reforming Capitalism and Social-Democracy (February 16, 2021). Available at SSRN: or

Marcel Boyer (Contact Author)

CIRANO, Université de Monréal ( email )

1400-1130 Sharbrooke St. West
Montreal, Quebec H3A 2M8
514 985-4000 (Phone)
514-985-4039 (Fax)


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