The Responsibility of Moral Capitalism

The Open Mind, Hosted by Alexander Heffner

On this episode of The Open Mind, we're delighted to welcome long-time corporate communications counselor, Barie Carmichael, Batton Fellow at the Darden School of Business at the University of Virginia, she is coauthor of “Reset: Business and Society in the New Social Landscape.”

Is there a future for a socially conscious capitalism, what Congressman Kennedy recently deemed moral capitalism, when such extraordinary havoc has been wreaked on working people. Will companies respect the dignity of work, high wages, and the diversity of the American people, geographic, racial, cultural differences? Many companies have united in their backlash to the sometimes ignorant and hateful politics of Donald Trump and the global resurgence of nativism: his Muslim ban his withdrawal from the Paris Accord and his and his party's attack on environmental stewardship and even the idea of regulation. But are these symbolic gestures of companies enough when inequity persists and monopolies drive the profit margin at all costs. Misinformation, data theft, political violence, considering these questions and antidotes, business models that do good is my guest today, Barie Carmichael.