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Can we improve on capitalism? 'Better Capitalism' says 'yes!'

Can we improve on capitalism? 'Better Capitalism' says 'yes!'
religionnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from religionnews.com Daily Mail and Mail on Sunday newspapers.

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Insider Sustainability: Sign up for Our New Biweekly Newsletter

Just over three years ago, Insider launched Better Capitalism, a section focused on how companies are moving beyond financial targets and actively contributing to a better world for their employees, customers, and other stakeholders.
Sustainability has been a key topic we ve covered along the way, and it s only gaining momentum in the conversation around stakeholder capitalism. Last year, Microsoft, Apple, Ford, Starbucks, and other major corporations made big pledges to reduce, eliminate, or offset their carbon emissions. In January of this year, GM announced it would only sell electric vehicles by 2035 and pledged to be completely carbon neutral by 2040.
At the same time, the demand for ESG investing which integrates environmental, social, and governance goals with investment has skyrocketed, while more companies have agreed to report on their progress on ESG criteria. ....

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PayPal and Just Capital are rolling out a worker wellness effort

John Lamparski/Getty Images
PayPal increased wages and cut healthcare costs after auditing employees financial situations.
Now, PayPal is partnering with Just Capital, calling on other CEOs to do the same.
The effort is part of a broader conversation around stakeholder capitalism.
It s one thing for a leader to say they care about employees. It s another thing for a leader to conduct a companywide audit to find out how employees are faring with money, and then take action when the results come back subpar.
That s what PayPal CEO Dan Schulman did in 2018 after hearing that employees were struggling to make ends meet. The CEO audited and analyzed employees financial health at the payments giant. The results prompted PayPal to make changes in 2020 that included raising wages across the company, cutting healthcare costs by 60%, and making every employee a shareholder. ....

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Ray Dalio reveals why Henry Kissinger is his favorite author right now

Ray Dalio reveals why Henry Kissinger is his favorite author right now
Marguerite WardFeb 14, 2021, 17:52 IST
Hollis Johnson/Business Insider
Ray Dalio, founder of Bridgewater Associates, seeks a bird s eye view of the market and the economy.
To get that perspective, Dalio has been reading works by
Henry Kissinger.
Former secretary of state and diplomat Kissinger is known for books World Order and On China.
Ray Dalio, founder of the hedge fund Bridgewater Associates, has built his billion-dollar career on making predictions on companies, the market, and the economy.
To make the right predictions, he needs a bird s eye view of the world s financial and geopolitical happenings. ....

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Ray Dalio's warnings for American dream, future of capitalism

Insider spoke with Ray Dalio, the founder of the hedge fund Bridgewater Associates.
Dalio said that capitalism, in its current state, is driving too much inequality and antagonism.
He said the American dream needs to be reengineered and measured.
One evening in early February, I logged into a
Zoom
meeting with Ray Dalio, the billionaire founder of Bridgewater Associates, to discuss the future of capitalism.
I knew he wasn t optimistic about it. He d said as much before like that America s jarring inequality is a national emergency and I d written about it. Still, I wasn t prepared for what he was going to say this time. ....

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