Episode #19 — Where Capitalism Went Wrong
Michael O’Leary and Warren Valdmanis, authors of Accountable: The Rise of Capitalism
In this episode, Michael and Warren break down where it all went wrong for capitalism and why we’re on this path today. They share the different ways they believe the system needs to be reformed in order to improve the treatment of workers and actually enforce climate initiatives. They’re taking us inside the fight to save capitalism from itself.
Show Notes
50% of American workers describe themselves as disengaged from their employers and 13% actively work against the interests of their employers. This isn’t due to a change in the employees, it’s due to the new direction capitalism has taken in the past 50 years.
My guests today are the authors of Accountable: The Rise of Capitalism who believe that capitalism isn’t dead or evil, it has simply misfired. Michael O’Leary and Warren Valdmanis come from different generations and hold opposing political views, but they are both committed capitalists who believe the system needs to be reformed.
By measuring the treatment of workers and the emissions produced, businesses can retain their talent while doing what they say they will do when they make statements about sustainability and their mission. But to do this well, we need to hold them accountable.
In this episode, Michael and Warren break down where it all went wrong for capitalism and why we’re on this path today. They share the different ways they believe the system needs to be reformed in order to improve the treatment of workers and actually enforce climate initiatives. They’re taking us inside the fight to save capitalism from itself.
- Michael and Warren’s backgrounds and why they both call themselves capitalists.
- How capitalism started and where it misfired.
- Where capitalism is headed if nothing changes.
- How workers have been left behind in America by the current state of capitalism.
- 2 things employers can do to invest in their workers.
- Why companies can and should measure the treatment of their workers.
What You'll Learn
Links Mentioned
- Accountable by Michael O’Leary and Warren Valdmanis
- Michael O’Leary
- Warren Valdmanis
- Capitalism in the 21st Century by Thomas Piketty
- The Wealth of Nations by Adam Smith
Disclaimer
Rebooting Capitalism is a podcast sponsored by Sensiba LLP. The statements, discussions, opinions, and other commentary provided within the program are solely intended for discussion purposes and do not constitute legal or professional advice. Listeners and participants should seek independent legal or professional advice. The views and opinions expressed in this podcast are those of the host and guests and do not necessarily reflect the views or positions of Sensiba LLP. Sensiba LLP does not assume any responsibility or liability for the accuracy, completeness, or reliability of any information discussed within the program.
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