Moral Capitalism Reconciling Private Interest with the Public Good

by Young, Stephen

• ISBN13: 9781576752579
• ISBN10: 1576752577
• Edition: 1st
• Format: Hardcover
• Copyright: 2003-11-01
• Publisher: Berrett-Koehler Publishers

Summary

Moral Capitalism is based on the Caux Round Table (CRT) Principles for Business, a code of ethics that sets consistent and attainable worldwide guidelines for how business can behave responsibly and ethically. The book shows readers how to manage market capitalism and globalization for economic and social justice and fairness, in the process improving individual lives and communities. Author Stephen Young argues that "brute capitalism" - profit-seeking regardless of effects - must give way to moral capitalism to attain widespread monetary and moral well-being. Emphasizing a cross-cultural perspective that draws on Chinese and Japanese philosophies of selflessness, Young links moral aspirations to practical, day-to-day guidelines for a profitable approach to business that is also ethical, resulting in the public good.

Author Biography

Stephen Young is the Global Executive Director of the Caux Round Table.

Table of Contents

Preface	p. vii
Is a Moral Capitalism Possible?	p. 1
The Many Varieties of Capitalism	p. 19
Brute Capitalism: Survival of the Fittest	p. 33
Moral Capitalism: Using Private Interest for the Public Good	p. 47
Moral Capitalism and Poverty: Must the Poor Be With Us Always?	p. 61
The Caux Round Table: Advocate for Moral Capitalism	p. 77
Customers: The Moral Compass for Capitalism	p. 93
Employees: Parts for a Machine or Moral Agents?	p. 109
Owners and Investors: Exploiters or Potential Victims?	p. 125
Suppliers: Friends or Foes?	p. 141
Competitors: Repealing the Law of the Jungle	p. 151
Community: Enhancing Social Capital	p. 167
Principled Business Leadership: Stepping up to the Challenge of Moral Capitalism	p. 185
Appendix I	p. 199
Appendix II	p. 207
Notes	p. 211
Index	p. 219
About the Author	p. 225
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