Amy Cortese and Dennis Price write about seven “signals from a future that is already here” for ImpactAlpha:
Local, inclusive and entrepreneurial: How stakeholders are taking back capitalism in 2020. The people are rising up. Protests erupted this year in cities around the globe, sparked by price hikes and service cuts, inequality and corruption, and affronts to human rights and democracy. Millions of young people demanded action in the face of the climate emergency. An awakened populace is demanding change. With this year’s uprisings, stakeholders put capitalism on notice. In 2020, they’re taking it back.
The local, can-do, get-sh*t-done attitude offers an alternative to division and paralysis, a new narrative for a time that sorely needs one. Best practices provide blueprints for a stakeholder economy that is bipartisan, post-partisan, or not partisan at all. The new tools of capitalism are giving communities a larger say, and a larger cut. The new structures of finance are backing a broader set of founders building a broader range of businesses. Long-term value creation may be the watchwords of this new capitalism. What’s really at stake is power. The people are rising up and they’re taking business and finance with them.
Read more about each of these signals in Local, inclusive and entrepreneurial: How stakeholders are taking back capitalism in 2020:
1. Going local.
2. Finding impact in Opportunity Zones.
3. Sharing ownership.
4. Going beyond equity and debt.
5. Seeking returns on inclusion.
6. Seeing opportunities through a new lens.
7. Investing in the future of workers.