Sustainability makes good business sense, and we're all on the same team at the end of the day. That's the truth about the human condition.
Paul PolmanRead
Addressing the weaknesses of capitalism will require us, above all, to do two things: first, to take a long-term perspective, and second, to re-set the priorities of business.
Interpretation
We need to address capitalism's weaknesses with a focus on the long-term and by changing business priorities.
Paul Polman's quote emphasizes the necessity of reevaluating capitalism by adopting a long-term mindset and adjusting the core objectives of businesses. He suggests that merely addressing short-term profits is insufficient; genuinely improving capitalism requires a deeper commitment to sustainable practices and a willingness to prioritize social and environmental responsibilities over traditional financial goals.
In practice
In a business seminar discussing the future of capitalism.
Sustainability makes good business sense, and we're all on the same team at the end of the day. That's the truth about the human condition.
I think the most important thing is to achieve what you set out to achieve. Just being a CEO in itself is not success. I would not relate success to a title or a position.
Let's work together to make our economies strong and our climate sustainable. It can be done.
I discovered a long time ago that if I focus on doing the right thing for the long term to improve the lives of consumers and customers all over the world, the business results will come.
Permissible growth in the future has to be based on sustainable and equitable models.
The young give us hope because young people are certain their best days still lie ahead - which explains why they're absolutely convinced they can change the world for the better.
Poorly paid labor is inefficient labor, the world over.
Nothing so weakens government as persistent inflation.
Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.
Money is not an invention of the state. It is not the product of a legislative act.
Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
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