Pressing the reset button on capitalism: how to build a more inclusive society

Speaking of Business with Goldy Hyder

As Guy Cormier looks ahead to a post-COVID Canada, the president and CEO of the Desjardins Group says it’s time for all of us to embrace a new approach.

“Capitalism has lifted a lot of people out of poverty,” he says. “[But] at the same time, I think it's quite obvious that there is some collateral damage.”

Cormier points to climate change and income inequality as examples of the myriad social challenges facing Canada. He says it’s time “to give capitalism a do-over” by ensuring that the post-pandemic recovery includes a strong focus on sustainable growth.

The pandemic brought home the importance of looking after one another, he says. In tandem with governments, businesses large and small stepped up to support their communities. Many people are now looking to corporate leaders to help tackle other pressing global issues.

“Citizens, employees, clients, suppliers will be key people … to remind all of us that we must try to see the future differently than it was before.”

In conversation with Goldy Hyder, Guy Cormier also talks about the importance of addressing mental health, and mentoring youth.

Revealing and insightful conversations with Canada’s top innovators, entrepreneurs and business leaders. Listen to more episodes here: thebusinesscouncil.ca