by Ted Wachtel Disparity in CEO Compensation Disparity in wealth is evident not only when comparing ordinary people with the billionaire founders and owners of large corporations, but also with the managers of those corporations. The Economic Policy Institute, in a recent research report, revealed that CEO compensation has grown 940% since 1978, while typical […]
Although Ray Dalio, the founder and manager of the largest hedge fund in the world, built a fortune thanks to capitalism, he’s keenly aware that it is a deeply flawed system. “Capitalism basically is not working for the majority of people. That’s just the reality.” Dalio predicts the income gap will only get worse.
by Ted Wachtel Democratic capitalism finds itself facing an ominous challenge. Will democracies throughout the world truly represent all their citizens, or will they continue to favor the wealthy and powerful minority, who can influence elections and government regulations to their own benefit? Will free market capitalism share its gains in productivity with everyone…or not? […]
Corrupt governance corrupts the free market. The free market, after all, is simply a democratic decision-making mechanism, in which people vote with their money. Their collective purchases, sales and investments influence what is produced, how much of it and how much it costs. In a New Reality, consumers have a choice of what kind of corporate ethics and values they want to support with their patronage.
“While non-profit corporations must be just as businesslike as their profit-making counterparts, they have different motives and behaviors than for-profit corporations.”
Editor’s Note: In the final installment of our four-part series (here’s last week’s installment) on restorative practices in the workplace, author Richard Cohen talks about why he created the website “Check-in Success” from which the following is excerpted. This series is also part of our ongoing efforts to apply restorative practices to the six facets […]