Introduction Several voices are rising to demand an in-depth reform of capitalism in the wake of the increase in income and wealth inequalities of the last four decades, the climate urgency, the perceived increase in environmental and industrial disasters, the intensification and expansion of global trade, the internationalization of cultures, the financial crisis of 2007-2010, and the emergence o. [...] The market economy, the freedom to undertake and to challenge the established economic order, and responsible capitalism remain the best guarantees of development and growth in living standards and therefore, among other things, of the development of representative diversity, the eradication of poverty, and the reduction of inequalities in consumption and inequalities of opportunity. [...] I return later (section 2) to the notion of value, to the value of the environment, to the value of water, to the value of life, to fair and equitable remuneration, to the value of the work of children, and to the strict and / or extended corporate responsibility for environmental and industrial disasters. [...] In other words, the CEO personifies first and foremost the design, development, and management of the firm’s real options:8 the recognition that uncertainty creates opportunities and value; the recognition that such value requires adequate decisions in order to materialize, including the determination of the scale and scope of the firm; the identification of the sources of uncertainty and the coll. [...] Competitive markets at the service of the environment The design of any economic policy involves two phases: The first is devoted to defining goals and the second to choosing the instruments, mechanisms, and processes by which the goals will be pursued, the methods for evaluating the results, and the potential corrective measures to take.
- Pages
- 111
- Published in
- Canada
