To date, this initiative has given the council a broader spectrum of competencies to tackle the capital-intensive and bold missions the private sector would not be able to shoulder alone. The same mission-oriented approach could be used for other SDGs and regions: a strong direction set by governments to solve a problem, which purposeful organizations and residents then tackle together.
To accomplish this, governments should worry less about handouts and more about using instruments like procurement and prize schemes to incentivize the bottom-up solutions they need from companies. And intellectual property rights should stop being used to extract rents through more exclusionary models of patenting: To promote innovation, they can be narrower and weaker and thus easy to license.
In companies, this process should be about taking concrete steps to help solve problems with government partners and citizens in ways that are mutualistic, not parasitic. To ensure that value is not extracted easily and shamelessly, for example, organizations need a new way to govern innovation systems and the innovation spillovers that result from public investment.Answering this question is necessary for an equitable partnership between the public and the private sector.
One solution involves governments keeping more of the returns from the upside of projects to cover the downside losses that risk-taking requires. Indeed, when the U.S. government provided approximately $500 million in guaranteed loans to Tesla and Solyndra, it ended up bailing out the failed Solyndra while not getting a penny from the successful Tesla.
We need a new social contract that recognizes that the revolutionaries and innovators of our time are not only situated in Silicon Valley or New York boardrooms. There is not one form of capitalism. Whether capitalism does “good” or “bad” things in society depends on the concrete configurations of business models, institutions, and structures of government that constitute the system.
We agree evaluating [and measuring] social impact is generally important. However, stakeholders don’t universally share values and businesses are - and should be - primarily focused on the problems they were incorporated to solve.
M2 up 40% since Biden came in. Fed Assets at Peak. Powell has to restrain Money supply in addition to Rates. Anamoly: Corporate earnings & Inflation peak together. As commodity prices came down, retail stayed high. Managed Recession or Stagflation?
Jacinda Ardern has a simple and brilliant answer to that:
getsummari summarize
None.
Reversing these trends will be difficult: 1) the financial sector’s propensity to invest in itself, 2) businesses’ prioritizing stock buybacks. When those trends reverse, companies+governments must embrace new ways of creating+distributing value. That will transform society.
Because the executives are taking all of the profits as bonuses, knowing the board has no oversight capacity nor business understanding that the shareholders are being fleeced.