Neoliberal
Over the past 50 years, we conducted a global economic experiment known as neoliberalism or free-market fundamentalism. Now the results are in and the conclusion is: it failed. Don’t take my word for it. Whether it’s Klaus Schwab, founder of the World Economic Forum, or Pope Francis in his latest encyclical, more and more opinion makers are recognising that an unregulated market has been good for the rich and powerful elite, but hardly anybody else. Conversely, stakeholder capitalism still embraces the market but welcomes government regulation and civil society advocacy to ensure more fair, inclusive and sustainable outcomes.
— Wayne Visser
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From Purpose Inspired: Reflections on Conscious Living, Volume 4. Buy on Lulu ↗