After the rise of the West and Asia, we need a better form of capitalism

After the rise of the West and Asia, we need a better form of capitalism

The world has seen an explosion of wealth in the postwar years, accompanied by an alarming increase in inequality and a level of environmental damage never seen before.

Examining how prevailing economics have moved from shareholder to state capitalism over 75 years shows it is time for a broad shift to stakeholder capitalism.

Stakeholder capitalism will require companies to adopt new measures of success to build a more sustainable and equitable future.



In terms of GDP, the world is better off than ever before. Yet, we need a different global economic system if we want to create a more sustainable and inclusive world. Here is why.

In the 75 years that passed since World War II, the world has seen an unprecedented explosion in wealth. Thanks to enormous advances in technology and trade, the global economy grew so much in fact, that almost everyone was better off. Rapid development happened first in western economies such as the US and the EU, and then in eastern economies such as the "Asian Tigers“, China and ASEAN.

But there was a reverse to this medal. Or rather, two. On the one hand, there has been an alarming increase in economic inequality in