Reflections on the 20th Anniversary of the Caux Round Table Principles for Business
The Caux Round Table ("CRT") Principles for Business were launched twenty years ago this past week.
In retrospect, after the collapse of Communism and socialism as viable alternatives to capitalism, the CRT Principles were the first rigorous intellectual advance in the understanding of how free markets and business enterprise could more comprehensively succeed from the perspectives of human flourishing and social justice concerns.
The Japanese, European and American business leaders who authored the CRT Principles in 1994 innovatively raised the level of practical expectations for the outcomes of capitalism as an economic system, one taking into account the relevant demands of civil society and achieving sustainable prosperity.
The CRT Principles were presented to U.N. Secretary General Kofi Annan. Several years later, his office sponsored the Global Compact, by which companies and other private sector organizations could pledge their support for nine goals (later ten) set forth for governments by international treaty commitments among sovereign states.
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Caux Round Table's Steve Young Presents Moral Capitalism to Pope Francis
Recently, Steve Young, Global Executive Director of the Caux Round Table ("CRT"), was in Rome and spoke at a meeting of the Papal? foundation for advocacy of Catholic Social Teachings. During the meeting, he was able to provide a copy of Moral Capitalism in Spanish to Pope Francis and express to him the close alignment of the CRT Principles for Business and the Pope's concern for better well-being of people everywhere.
Steve has authored an article for the Minneapolis Star Tribune about the meeting and his impressions of the Pope. To read it, .
We are most grateful to the Thailand Sustainable Development Foundation for support of our white paper initiative. We began our quest for relevant ethical guidance for business with respect to sustainable development in Bangkok in 2013 with consideration of Theravada Buddhist mindfulness and His Thai Majesty's recommendations of the "middle path" as dynamic risk management for capitalism, known in Thailand as the "sufficiency economy principles."
Caux Round Table Participates in Said Business School Study on Inclusive Capitalism
The Caux Round Table ("CRT") was recently included in a groundbreaking study on non-governmental organizations that are working to improve business and capitalism. The study, titled "In Pursuit of Inclusive Capitalism: Business and Approaches to Systemic Change," was conducted by the SAID Business School, University of Oxford, and the Social Impact practice of Deloitte Consulting who were supported by a grant from the Ford Foundation. The purpose of the study was to "conduct research on forty non-governmental organizations active in the space around inclusive economies" - what the CRT typically refers to as "moral capitalism."
Who’s afraid of economic growth? | Anti-capitalism | …
The report noted that the three main purposes of business are to deliver excellent goods and services, provide livelihoods and meaning to employees and deliver returns to providers of capital. Further, the report goes on to note that "most of the organizations in our research exist in part due to their conviction that a naive shareholder capitalism model has significant shortcomings." These identified purposes and the concern for short-termism are in line with what the CRT has been promoting for over two decades.
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It is through a critical perspective and an anti-oppressive lens that I will discuss the evolution of racialization and criminalization in connection to minorities as well as its connection to the prison system and how it relates to crime and violence in Canad...
It has been suggested that Anti-capitalism ..
In the meantime, slavery became the fundamental element, which strengthened retail trade and the fast gathering of capital constructed the groundwork of development of the capitalist system.
illustrated guide to capitalism and anti-capitalism.While he never fails to note the overwhelmingly concentrated wealth, as well as the corruption and disinterest, which keep the forces of insatiable capitalism in a position of enormous power, Greider truly believes in that the reality of human interdependence will, in the long run, yield economic democracy and sustainability, blessings and not curses.
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High Frequency Trading: A Public Good? (Stephen B. Young, Global Executive Director, Caux Round Table). I am increasingly drawn to the proposition that financial markets and capitalism are not soul-mates. They are more like fractious siblings competing for parental attention, or narcissistic partners in a rocky marriage, each needing the other but each fearful of the other’s shortcomings. There is a close tie between them which can’t be totally severed. Traders in financial markets need real economic activity and growth in order to have financial contracts - stock, loans, options, derivatives, insurance guarantees, etc. - to buy and sell. Finance has no social purpose other than gambling unless there are related economic transactions to use the money which is bought and sold in financial markets.