Monday, June 23, 2014

Inclusive Capitalism

In May, 2014 , Prince Charles said in a speech at the Inclusive Capitalism conference:

"We can choose to act now before it is finally too late, using all of the power and influence that each of you can bring to bear to create an inclusive, sustainable and resilient society”. 
 
The Prince was addressing an audience of 200 business leaders including Christine Lagarde, managing director of the International Monetary Fund, and chief executives of multinational companies such as UBS, GlaxoSmithKline and Unilever. 

Here are more quotes from the article appearing in the UK's Telegraph newspaper.

“I remember when the Iron Curtain came down there was a certain amount of shouting about the triumph of capitalism over communism. Being somewhat contrary, I didn't think it was quite as simple as that. I felt that unless the business world considered the social, community and environmental dimensions, we might end up coming full circle.” 

He called on businesses to focus on the long-term and make “an authentic moral commitment to acting as true custodians of the Earth and architects of the well-being of current and future generations”. 

“It is only by adopting a broader sense of value that our finances will be sustained and we can find new sources of profit,” he said. 

The Prince suggested that companies must do more to put “young people properly at the heart of companies' employment practices and planning strategies, in order to tackle more effectively the world's growing youth unemployment crisis”. 

http://www.telegraph.co.uk/news/uknews/prince-charles/10859230/Prince-Charles-reform-capitalism-to-save-the-planet.html 

Ed Miliband, UK's Labour leader, has also called for “responsible capitalism”. 

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