Tuesday, January 29, 2008

More on Capitalism 2.0

There's a shift in how business is being done, and we're at the very start of it. Primitive Capitalism will be replaced, in a few generations, with what we at The Naples Institute have labeled Capitalism 2.0.

The idea is that profit is a vital component of business, but in the future it will only be one component of several in a company's value to stockholders, employees, customers, and the general public. The Good (with a capital G) that companies do will be just as important to our children and grandchildren as how much their stock appreciates over time - and it will indeed strongly effect the value of that stock.