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michellewain

Does Capitalism Inevitably Produce Inequalities? - 1 views

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    In a New York Times op-ed article, Nobel Prize-winning economist Joseph Stiglitz theorized that capitalism does not inevitably produce inequalities in wealth. The authors of this article challenge his theory by stating that capitalism is responsible for economic inequality.
meganrowe

Gross National Happiness: An alternative to the inadequacy of GDP - 1 views

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    This is a short, incredibly interesting and simple video about a different way to measure the "wealth" of a country. The idea was considered and put in place by the 4th Dragon King of Bhutan, who believed there was more than one way to measure a country's wealth than just its economic development. He believed the country should also be measured by its emotional and spiritual well-being: taking into account the people's community involvement, access to health care and education, and its celebration of religion or culture. While the concept has been subject to a lot of criticism (how do you actually quantify all of these factors?), it definitely gives us something to consider and echoes Stanford's assertion that GDP is not an adequate measure of human well-being. For more information, check out grossnationalhappiness.com.
jscharrer

Generation Y: why young job seekers want more than money - 0 views

  • those born between 1980 and 2000, are less interested in financial gain than their parents, and more concerned with job fulfilment.
  • The y-generation has a holistic outlook on the world, and social enterprises help enable this
  • Those born after 1980 have also grown up with the internet, and so Generation Y are the first working-age generation to be considered "digitally native"
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  • growing up with the internet has given Generation Y a better insight into society's core problems
  • At the global level, we are more likely to have travelled abroad, to have friends from other countries, or simply to have grown up with the internet for a core part of our lives.
  • Older generations have gained greatly from the pursuit of wealth and this has left many young people wondering if there is more to life than getting rich quick
  • Others believe social enterprise offers graduates a sustainable alternative to charitable giving.
  • Young people want to simultaneously reach levels of financial wellbeing as well as achieving social good.
  • By prioritising job fulfilment over financial gain, Millennials are sure to shape the workplace in years to come. However, we will have to wait to see exactly how this generation changes workplace dynamics.
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    This article related to chapter 6 of the The Shift, where Gratton outlines how Gen Y-ers like John and Susan seek social engagement over personal financial success. It also discusses a recent rise in 'social entrepreneurship', where young graduates are creating their own social change start-ups as a way to fulfill both their need for employment and sense of social responsibility.
missjillian

The push to build a better form of capitalism - 1 views

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    The Globe and Mail has sought out columns from thought leaders in Western Canada, people whose influence is shaping debate, but whose names may not be widely recognized. There's a lot of talk of the need for a new economic system - capitalism 2.0 in shorthand - based on shared values, inclusive wealth accounting and social equity.
christinawright

How globalization has left the 1 per cent even further ahead - 0 views

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    This is part of The Globe's Wealth Paradox series , a two-week examination into how the income divide is shaping Canada. Income levels for most Canadians haven't changed much in recent years, but for one group: The wealthy are pulling away from the pack.
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