Just Profit: The Business of the Future
by Colin Mayer
Emeritus Professor of Management Studies, Saïd Business School, Oxford University
Jun 11, 2024
Compendium
by Colin Mayer
Emeritus Professor of Management Studies, Saïd Business School, Oxford University
Jun 11, 2024
Compendium
Capitalism is the most powerful engine of prosperity we have ever invented.1 And business is the most important component of it. It clothes, feeds and houses us. It employs us and invests our savings. It is the source of economic prosperity, the growth of nations and the alleviation of poverty around the world.
But at the same time, it has been a cause of increasing environmental degradation, biodiversity loss, inequality, social exclusion and mistrust. Above all, it has been a cause, as well as a cure, of crises. We have had the financial, climate, species extinction, pandemic, energy, inflation, and food crises, to which business has to varying extents contributed as well as contained. Crises are growing in frequency, intensity and prevalence around the world. And they will accelerate in the future as artificial intelligence, genetic engineering, and the interaction between the two come on stream.
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