CRISIS IN CAPITALISM LEADS TO A CRISIS IN DEMOCRACY, OPINES SHRI ARUN MAIRA

-


 

A crisis has hit Capitalism, and its adverse effect leads to a crisis in Democracy, opined Shri Arun Maira, Former Member, Planning Commission & Former Chairman, Boston Consulting Group while participating in the Second Purpose Roundtable conducted by the Centre for Higher Purpose in Business. Elaborating on the Corporations' role in the new world, Shri Arun Maira said, "Business corporations have created a system where the institution's sole purpose is to give maximum profit for its investors. Owing to the limited liability, the investors' liability is only to the capital that one had invested. They are not liable to the adverse effect the business is having on society. This selfish nature of business is now corrupting democracy, wherein the Corporations have become more equal citizens of society than others".

Comments

Post a Comment

Popular posts from this blog

When Sustainability Meets Purpose: Paving the way to a brighter future

-
Image
  By Fida Nazlin In a world undergoing rapid transformation, the ideals of sustainability and purpose have emerged as guiding lights, offering hope and progress in the face of environmental challenges, social disparities, and a growing sense of disconnection. Now, more than ever, embracing these intertwined concepts is imperative. They provide us with a roadmap for a flourishing world and one that is harmonious and meaningful. Sustainability: The Driving Force  Sustainability is no longer a buzzword confined to environmental discussions; it has become a way of life. At its core, sustainability involves mindful choices aimed at conserving resources, minimising waste, and reducing our carbon footprint. From our everyday actions to global policies, sustainability serves as our compass, directing us towards a balanced coexistence with the natural world. A significant facet of sustainability involves the transition towards renewable energy sources. By embracing solar, wind, and hyd...
Read more

Organic BPS Triumphs at Indian Marketing Awards South 2023, Securing Three Coveted Metals.

-
Image
  We are thrilled to announce our triumphant achievement of winning three metals at the Indian Marketing Awards (South) 2023. Hosted by the exchange4media Group, the 3rd edition of the e4m Indian Marketing Awards (IMA) South took place on Friday, August 18th, in Bengaluru. During this grand event, the most outstanding and creative agencies were recognised and celebrated for their exemplary work across various categories.   🥇 Gold for New Product Launch - Real Estate ( Client: Asset Homes) We were honoured with the Gold award for our 360-degree marketing campaign for Asset Homes, created for the launch of Asset Selfie Micro Apartments. This innovative product was backed by a comprehensive and strategic creative approach. The "Lifecycle Builder" concept, introduced by Organic BPS to promote the Singular Living option of Selfie, has been well received by the market, the industry, and now the fraternity.   https://youtu.be/qUQuPl2Ts-Y 🥈 Silver for Best Use of T...
Read more

Brand Purpose - The playbook for 21st century CEOs.

-
Image
  By Dileep Narayanan, Founder and Managing Director of Organic BPS, India’s First Brand Purpose Consultancy.  Mussoorie, October 2019. As Thomas John Muthoot, Thomas George Muthoot and Thomas Muthoot stepped out of the Conference Room, it was already dark outside, and the snow-clad peaks of the Himalayan Ranges were no longer visible. The Muthoot brothers, promoter-Directors of the Kerala-based Muthoot Pappachan Group (MPG), were at a resort in Mussoorie, the small mountain town in the Indian State of Uttarakhand, for a business retreat of the family members and other senior leadership of MPG. A post-lunch interaction with consultants of Organic BPS, a brand-purpose consultancy expected to last for just thirty minutes, ended up being the only agenda item for the afternoon session.  MPG is a pan-India conglomerate with businesses in various verticals like Finance, Real Estate, Health Care, Hospitality, Energy, Automobiles, Information Technology etc. Having beginnings in ...
Read more