The problem with ethical capitalism is that, in the long run, it is an utopia.
I say that because any ethical capitalism will under perform against unethical (or even criminal) capitalism. By that, I mean that ethical capitalism earns less profit margins compared with unethical capitalism.
At some point, the ethical company will either be bought by an (richer) unethical one or will be pushed out of the market.
Anyways, I do agree with you that an ethical capitalism would be better and, maybe even an first step towards socialism?
There are examples of Ethical Capitalism in the market. Arizona Iced Tea, Costco, and Valve are all companies that I would say are as close as we are going to get to ethical capitalists. Neither Arizona Iced Tea nor Valve are publicly traded, which means that there is only one way to buy them, and neither are interested. I’m pretty sure this is a key to Ethical capitalism, an end to trading on companies.
Honestly, there is probably only one change that needs made to being even traded companies in line, and that is to make a mandate that a successful company is one that provides the best work environment and a great product, not the one with the largest market cap.
The problem with ethical capitalism is that, in the long run, it is an utopia.
I say that because any ethical capitalism will under perform against unethical (or even criminal) capitalism. By that, I mean that ethical capitalism earns less profit margins compared with unethical capitalism.
At some point, the ethical company will either be bought by an (richer) unethical one or will be pushed out of the market.
Anyways, I do agree with you that an ethical capitalism would be better and, maybe even an first step towards socialism?
There are examples of Ethical Capitalism in the market. Arizona Iced Tea, Costco, and Valve are all companies that I would say are as close as we are going to get to ethical capitalists. Neither Arizona Iced Tea nor Valve are publicly traded, which means that there is only one way to buy them, and neither are interested. I’m pretty sure this is a key to Ethical capitalism, an end to trading on companies.
Honestly, there is probably only one change that needs made to being even traded companies in line, and that is to make a mandate that a successful company is one that provides the best work environment and a great product, not the one with the largest market cap.