I believe the next decade will be critical. Business and investors can and must do more to build a resilient, healthy, fair and zero-carbon economy that’s sustainable.
DURING the ravages of WWII, intellectuals were pessimistic about the future. Among them was George Orwell (of Animal Farm fame) who begun to write 1984 – he saw the future as “a boot stamping on a human face – forever.”
Events didn’t turn out so bad. Social-democratic capitalism, which dominated the mid-20th century, had evolved into a Liberal form of “Meritocratic Capitalism” (LMC) in the United States in particular.
As a political system, LMC was more egalitarian than classical capitalism; but it inherited a tolerance for inequality as societies got richer. This is in contrast to illiberal political capitalism as it emerged in China and Vietnam.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
