Accountable : How we Can Save Capitalism

ISBN: 9780241460344
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RM86.95
Product Details

Publisher,Penguin Business
Publication Date,
Format, Paperback
Weight, 445 g
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Shelf: Non-Fiction Books / Business Finance & Accounting / Economics

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"Uses a combination of great stories and thoughtful analysis to suggest that we must find a way to change the purpose of our corporations if we are to build a society that works for all of us.
Rebecca M. Henderson, John & Natty McArthur University Professor at Harvard University

"Fresh, balanced, highly readable and deeply informed"
John Pepper, former Chairman and CEO of P&G

"Thought-provoking and insightful, Accountable offers a pragmatic and original roadmap to transform capitalism into a system that's more inclusive, sustainable, and just."
Dr. Rajiv J. Shah, President of The Rockefeller Foundation

Capitalism is failing and the tools we are relying on to fix it - corporate social responsibility, divestment, impact investing, and government control - are only making things worse.

-Chevron boasts about the $50 million per year it spends on renewable energy whilst it spends 200 times that on oil exploration

-Goldman Sachs touts its 10,000 Women initiative but its board ranks 358th out of the Fortune 500 for gender diversity and women earn 55% less than men do on average

By focusing on corporations rather than people, we've put our faith in empty trends and brand-focused window-dressing. Why should those responsible for our current crisis be trusted to fix it?

In Accountable, authors Michael O'Leary and Warren Valdmanis offer a blueprint for everyone to take responsibility for using their economic power as consumers, as investors, as employees, and as voters to trigger a fundamental shift away from an economy that is unethical, unfair, and destructive to our environment and institutions. Their investigation cuts through the tired dogma of current economic thinking to reveal a hopeful truth: if we can make our corporations accountable to a deeper purpose, we can make capitalism both prosperous and good.

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