What will the new decade: Moral capitalism

In ending the decade there were many turning points, there are new trends and technologies – from income inequality and climate change, as a conscious existential problems, to electric vehicles, automation, artificial intelligence and cryptanalyst.

In the coming decade, these trends originated may be issued and become a part of our life, changing her; to solve the most pressing problems can be found new approaches; trends can change radically.

“Vedomosti” published a series of articles with analysis of possible major changes in a number of areas.

previous topic: What will the new decade

In the new decade, governments, companies and markets will face the most acute problems that generated by the Megatrends that are transforming economic, political, social, and environmental systems, say analysts at Bank of America (BofA). The population growth of 1 billion people will raise the question of the replenishment of resources of the planet. And rapid aging will begin to threaten the stability of pension security and Medicare. Automation and robotics by 2035 can Rob people of up to 50% of jobs. The acceleration of technological development (by 2030 the world could be 500 billion Internet-related devices) will create additional economic value, but the issues of privacy, society, governments will rise with such urgency like never before.

Extension of interest

One of the most important trends associated with changes in the behaviour of business, which must consider the impact of companies on the environment, social responsibility, quality of corporate governance (environmental, social, governance – ESG). “What kind of capitalism do we need? Maybe this is a defining issue of our time” – says the founder of the world economicforum in Davos Klaus Schwab.

Klaus Schwab: What kind of capitalism we need a Chairman of the world economic forum about capitalism all stakeholders Opinions

From maximization of profits and work for the shareholders of the company have to go to work in the interests of all stakeholders (stakeholders instead of shareholders), to pay their fair share of taxes, follow the principles of fair competition, including by serving as platforms to be intolerant of corruption and to respect human rights at all stages of production chains, I am sure Schwab. In 2019, the organization Business Roundtable changed the effect since 1997 Declaration and nearly 200 CEOs of leading U.S. companies that are part of it, undertook “to direct them to the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders.”

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