American capitalism has always been an ethically fraught economic system. Although it’s been tempered at times, one strain has been predominant in the last 40 years—the ruthless pursuit of maximizing shareholder value.
Much of the public discourse about capitalism in the world Fast Company covers has either been a broadside against the current system or a defense of it, with many entrepreneurial-minded people viewing any criticism of capitalism as an attack on achievement and wealth. Disappointed by bromides to do better from billionaires and CEOs, we put together a package on how to save capitalism from itself. Our mission has been to seek out positive structural solutions to such problems as income inequality, monopoly power, and labor exploitation.
Starting today and for the next few weeks, we’ll be introducing you to the entrepreneurs, academics, activists, policy wonks, and politicians who are creating The New Capitalism. We begin with our wide-ranging conversation with Patagonia founder Yvon Chouinard
, an avowed socialist who has built a billion-dollar lifestyle brand. We hope his distinct perspective on how to overcome climate despair and participate in being part of the solution inspires you as it has us.
Here’s what else is happening on Fast Company today …