Shareholder Activism Might Sound Good, But It’s Delusional to Think It Will Change Anything Much

“While company annual general meetings (AGMs) have long been the forum for individual vocal and activist shareholders to embarrass boards, large shareholders are increasingly being criticised for not pressuring company boards enough to be more socially environmentally responsible. But relying on shareholders to make corporations more accountable and socially responsible is misguided. There are far more direct and systemically effective measures available to do that.”

Capitalism Is Dead. Long Live Capitalism

“For capitalism to thrive, the system needs to evolve to be fair, inclusive, and sustainable. Fast Company highlights companies and innovators leading the change” in her November issue. Artices in this issue include (among others!):

Targeting Billionaires Misses the Point about Wealth Creation

“In a country where many people are struggling to get by and where there are relatively high levels of inequality, it’s difficult to justify a few people being so rich. But are things really that simple? First, we need to make a distinction between those who have become wealthy by providing value to others and those who got their money by unfair means.”

How Free-Market Economists Got It Wrong

“Azeem Azhar and Binyamin Appelbaum discuss how a group of free-market economists managed to reshape our modern world. They promised growth and broad prosperity, but instead left us with fractured societies and weakened democracies. Appelbaum is the author of the new book, The Economists’ Hour, a deep dive into the history of ideas that formed capitalism, as we know it.”

Why Uber Works Will Probably Be Great for Businesses But Not for Gig Economy Workers

“Uber is still best known as a ride-hailing platform but it has been branching out into other industries. Food (Uber eats), electric scooters and bicycles (Jump), and now shift work with the launch of Uber Works. It is being trialled in Chicago, with plans to launch elsewhere soon, and enables casual workers such as cleaners, bar staff and warehouse workers to find work.”

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