Ladislau dowbor biography of michael

The basic shift should be in concentrating on how we are to migrate from free-for-all corporate world scale profit maximizing, to an economy that is socially and environmentally useful, or at least less destructive. Practically all corporations claim their adherence to ESGs, which means they are conscious of the challenges, but they keep it in the public relations departments.

It is not a lack of understanding, but a fault in the corporate decisions making process.

Ladislau dowbor biography of michael

Governance is the central issue. Mariana Mazzucato has been particularly successful in spreading this new real-world economics vision, both in her The Entrepreneurial State and in Mission Economy. Instead of corporate reckless profit-maximizing along with timid public regulation, we should concentrate on the key issues humanity faces, particularly the social and environmental dramas.

These are the challenges, and public policies, corporate initiatives and civil society organizations must be brought together to jointly face them. The example she uses is the race to the moon mission, which organized contributions of different sectors, generating synergy instead of competition. Mazzucato thus shows not only the key role of the public sector in providing goods and services, the State as entrepreneur but also its role in promoting the convergence of efforts around national and international priorities.

A particularly well-structured analysis of the global shift in economic analysis is presented by Brett Christophers, in Rentier Capitalism as well as in Our lives in their portfolios: why asset managers own the world The basic argument consists in the fact that making money big money results essentially from financial drains, not production.

Credit and financial assets management, appropriation of natural reserves, intellectual property, digital platforms, service contracts, infrastructure licensing fees, ground rent — have the common characteristic of making money on existing products and capital, not on production. They are not adding to our production capacity, they are draining it.

And they are new. And they'll understand that laws themselves are meaningless if large corporations can continue to violate them whenever the resulting fines are lower than the benefits derived from their illegality. Editions English. A paradigm shift in economic analysis Radically concentrated power. Ladislau Dowbor Economists are becoming conscious of the unsustainability of the present social and fiscal model.

Brazil has been oscillating between progressive and regressive regimes; it is time for structural change. Funds are being drained out of local economies to huge global financial corporations. Why is one of the world's major food producers suffering from large scale hunger? Corporate power and economic democracy in a largely unregulated market. Despite the inspiring discourse and ESG claims, the corporate world is not up to its responsibilities.

A vicious circle generating social polarization, violence and more corporate-dominated politics. The balance between personal interest and common good is deeply flawed. The world does not suffer a lack of resources, but of political and social organization. Individual success has no meaning if it does not contribute to social welfare. How will our social system work if it rewards extraction, instead of contribution to the common good?

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