There is a growing awareness of how unequal our society is. Our existing economic, business and financial systems work much better for the few than for the many. This is glaringly obvious now with this pandemic. It does not mean the free markets are wrong. It does mean that working with the one goal to dominate and control every industry in order to earn huge returns for a narrow segment of society does not work. That is what the predominant business and financial structures encourage now. These types of financial and business paradigms are by definition unbalanced systems. Then no one is really free. It leads to all sorts of problems such as raping and pillaging the environment, exaggerating inequities, to creating poverty and dependencies. We have to be careful here as even with the best intentions to be socially responsible, if you are participating in a business and financial framework that defines “scalable solution” as a monopoly or world dominating company, then you are part of the problem, not the solution. It is possible for investors to make generous returns and still help to co-create thriving businesses, but it does require rethinking how they do things.
When taking a systems-based and more holistic approach to revitalize our communities, how do we leverage diversity in a new, more sustainable economic model to make sure we get it right this time? One thing is very clear is that we need to build new frameworks where diversity is built into the framework from the ground up. This is the only way we can have innovative, efficient, resilient and sustainable systems.[Read more…]