Economics

Está na hora de uma Grande Redefinição

Jun 3, 2020 Klaus Schwab

GENEBRA – Os confinamentos devido à COVID-19 podem estar diminuindo gradualmente, mas a ansiedade sobre as perspetivas sociais e econômicas do mundo estão se intensificando. Há boas razões para preocupação: uma forte crise econômica já começou e podemos estar prestes a enfrentar a pior depressão desde a década de 1930. Mas, embora este resultado seja provável, não é inevitável.

Para alcançar um resultado melhor, o mundo deve agir em conjunto e rapidamente para reformular todos os aspetos das nossas sociedades e economias, da educação aos contratos sociais e às condições de trabalho. Todos os países, dos Estados Unidos à China, devem participar, e todos os setores, do petróleo e gás à tecnologia, devem ser transformados. Em suma, precisamos de uma «Grande Redefinição» do capitalismo.

Existem muitas razões para efetuar uma Grande Redefinição, mas a mais urgente é a COVID-19. Tendo já causado centenas de milhares de mortes, a pandemia representa uma das piores crises de saúde pública da história recente. E, com o número de mortes ainda subindo em muitas partes do mundo, está longe de terminar.

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What Kind of Capitalism Do We Want?
Getty Images

Economics 23

What Kind of Capitalism Do We Want?

Klaus Schwab
Though the concept of "stakeholder capitalism" has been around for a half-century, it has only recently begun to gain traction against the prevailing shareholder-primacy model of profit maximization. Now, advocates of a more socially conscious economic system must take steps to ensure that their vision takes hold for the long term.
welcomes the long-overdue momentum behind a stakeholder corporate-governance model and shows how to develop it.
Is Stakeholder Capitalism Really Back?
Johannes Eisele/AFP/Getty Images

Economics 15

Is Stakeholder Capitalism Really Back?

Joseph E. Stiglitz sees reason to doubt the sincerity of the US Business Roundtable's recent renunciation of shareholder primacy.

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0 Comments on this paragraph, 14 Comments on this article

Theodore Schrader Jun 25, 2020

If want a RESET, please let us rid the world of Davos. Bring together a reactionary group of billionaires, many of whom are staggeringly ignorant (Michael Dell discussing top marginal taxes comes to mind) and ask them generate reform ideas. Mr. Schwab can it, will you, please. Nothing will come of your RESET, nothing at all.
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Surendra Thapa Jun 12, 2020

This "Great Reset" must be an inclusive one and the least developed countries shouldn't be left behind. Poverty and inequality in one part of the world can equal traverse to other parts as the COVID pandemic did. Therefore, the new capitalism or new economic order must ensure dignified life for all downtrodden one.
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Henk Crop Jun 3, 2020

If the Covid-19 teaches us one thing. It is the value of the Nation State. The people turn to their National politicians for help and they should be able to help.
Over the past decades much authority of politicians has been handed over from the Nations to International Institutions. The EU the UN, IMF, World Bank, World Health organisation, Refugee organisations, etc. Many problems are global problems and justify a global approach.
However they are at a distance and are not always enough alert and practical to serve the citizen.
I think countries should consider taking back some of their authority and capabilities such as building up expertise and manufacture of medicals.
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Michael Public Jun 3, 2020

Ok - you stop short of mentioning any actual changes - because you (and every economist) knows that history shows that after the depression things are going to be more of the same old b---s---, so why bother. However, once in a epoch, real positive change does happen (like abolishing the monarchy). I am sure most could do better, but I will get the conversation rolling by suggesting some possibilities below.
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Michael Public Jun 3, 2020

Voting - bottom up and get rid of terms. People vote for someone they know - people may collect no more than 100 such votes. They in turn get a jury duty type responsibility to research a higher candidate who may collect no more than such 100 votes - until a government is chosen at a higher level. All votes at any level are blockchain based and revocable/changeable at any time - so if Obama turns out to be a lame duck - remove him tomorrow, if Trump turns out to be a psychopath - remove him tomorrow - or anyone else in the system. Hacking is an irrelevant threat as no blockchain itself has been hacked or cracked.
- Prashant Kotak Jun 3, 2020
  
  My recommendation for Voting Reform, is as per this old classic Robert Sheckley short.
  
  https://www.e-reading.club/chapter.php/149381/8/Sheckley_-_Citizen_in_Space.html
  
  "Check and balance. Just as the people are in our hands, so we are in the people's hands"
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Michael Public Jun 3, 2020

Press - free the press by allowing them to be paid for out of taxes raised by them, just like the courts.
A new reply to this comment has been posted.
Michael Public Jun 3, 2020

Trade and competition - give every local region control over their own economic destiny - by allowing them to have a local trade authority voted in by the citizens of that region who decides to what extent anything may be imported and immigration may occur. Certain regions will want to maximize trade while others prefer a more do it yourself kind of approach to ensure higher employment at the cost of efficiency.
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Michael Public Jun 3, 2020

Intellectual property - a new international regime - limited to 10 years for anything and everything. After that other countries/corporations can simply license the (non-military) technology at pre-determined rates. Individuals can use any expired IP for free.
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Michael Public Jun 3, 2020

Wealth taxes - corporations with brands or equity worth over $1 billion. Such brands are placed in a trust and leased to those best suited or most competitive to run them - probably the original owner.
A new reply to this comment has been posted.
Michael Public Jun 3, 2020

Wealth taxes - individuals over $10million, 100% - not paid in cash but in assets. Further, those who pay this can choose where it goes - education, startup funds, space exploration or whatever.
- Michael Public Jun 3, 2020
  
  Triggers on death. During life any individual gets full use of the fruits of their labours.
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Está na hora de uma Grande Redefinição

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