Tuesday, February 28, 2012
Sustainable Capitalism Is The Way To Preserve Capitalism
This article describes some of work on defining sustainable capitalism. Private businesses invest at a much higher rate than publicly held companies. They take a longer view than the managers of public companies for reasons that are well described. If effect, their short term focus is bad for capitalism and bad for society. The article provides lots of references to research on how to alter the short term focus of management by changes in the accounting system, and by including the measurement of social performance goals.
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