Has the Era of Sustainable Capitalism Arrived?
BlackRock's CEO says companies must serve a social purpose to prosper over the long run.
We're entering a new era of "sustainable capitalism": an attempt to make the global economy more resilient and work for more people over the long run.
The evolution of global capitalism since the end of the Cold War has resulted in the world's largest corporations growing to almost unimaginable proportions, conferring on them enormous influence on the world today, while reducing the capacity of sovereign governments to regulate corporate activity in consistent and effective ways.
Jon Hale does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.