To tackle inequality, businesses, workers, and the public sector need to come together.
Some see business primarily as a force for good, while others see it primarily as a force for evil. Some see labor and the public sector as impediments to innovation while others see them as the only avenues for hope. In a bitterly divided political era like the present, these narrow perspectives not only fail to find common ground, they reinforce the lack of trust in institutions that generate anger, frustration, and even violence in our world today.
We see less inequality and more robust democratic participation in capitalist economies that have greater engagement.
One of the key issues that divides us is what to do to stop or reverse the growth in income inequality that seems to be virtually unstoppable. While we all decry it to some extent, conservatives tend to blame growing inequality on excessive government, cycles of dependency and so on, while progressives tend to blame growing inequality on capitalist greed.
There are better explanations. We can see that inequality is increasing around the world in countries with capitalist economies like ours—but we see less inequality and more robust democratic participation in capitalist economies that have greater engagement and more respectful dialogue across business, government, labor, and education sectors.