This form of capitalism has ignored that business is part of society, and the environment provides eco-system services to sustain life. Most business leaders and experts seem to agree that capitalism in its current form is broken. Then a group of American companies last August announced that the role of business needs to move away from “shareholder capitalism” to “stakeholder capitalism”. In such a situation, global companies are looking at new technologies that can create products out of local materials. However, the jury is out on whether that rhetoric is matched by action and action by material outcomes.

Source: Economic Times January 24, 2020 06:45 UTC