Say More: An Interview with Klaus Schwab

Klaus Schwab suggests how companies can help address inequality, offers reasons for hope that stakeholder capitalism is gaining ground, and more. The PS Say More Newsletter | [View this message in a web browser]( [PS Say More]( This week in Say More, PS talks with Klaus Schwab, Founder and Executive Chairman of the World Economic Forum and the author of [Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet](. To read the full interview – in which Schwab praises New Zealand’s Living Standards Framework, suggests how companies can help address inequality, and offers reasons for hope that stakeholder capitalism is gaining ground – [click here](. Klaus Schwab Says More… Syndicate: In 2019, you [wrote]( that, to uphold the principles of stakeholder capitalism, companies will need new metrics. Last year, the International Business Council of the World Economic Forum [unveiled]( a [comprehensive report]( on such metrics, aimed at getting businesses on the same page when it comes to assessing value and risks. Do you think the recent stock-market upheaval – which seems to have severed any meaningful link between share prices and fundamentals – will spur corporations to look beyond the stock market? More broadly, what lessons do episodes like GameStop hold for corporate governance? Klaus Schwab: There is a growing consensus among executives and investors that... [Continue reading]( [A New “Year Zero”]( [A New “Year Zero”]( By Klaus Schwab The catastrophic destruction of World War II was followed by an era of unprecedented growth and material prosperity. Now that the COVID-19 crisis has exposed the deficiencies of that era's institutions and governing philosophy, it is time to start rebuilding once again – and, like in 1946, on a new foundation. By the Way... PS: According to an [Oxfam report]( released on the first day of Davos Agenda, the world’s 1,000 richest people recouped their pandemic losses in just nine months; but it could take more than a decade for the world’s poorest to recover. Against this background, many speakers at the event acknowledged the need to redouble efforts to create a more equitable economic system. But much skepticism remains about leaders’ willingness to implement solutions adequate to the scale of the problem. Has action begun to match rhetoric? What concrete proposals or solutions emerged from this year’s discussions? RGR: Income and wealth inequality are... [Continue reading]( [An Interview with Raghuram G. Rajan]( Previously in Say More [Raghuram G. Rajan]( – a former governor of the Reserve Bank of India and a professor at the University of Chicago Booth School of Business – identifies economic-policy priorities for Joe Biden’s administration, highlights rising monetary-policy risks, and suggests how to prevent a “doom loop” of crises. [Read more](. [Check out the Say More archive]( [PS. Take 50% off a new subscription with the code WINTER2021]( [The Post-Brexit World Order]( Previously in Opinion Has It [The Post-Brexit World Order]( [Timothy Garton Ash]( joins [Elmira Bayrasli]( in this PS podcast Just as Brexit marked the end of an era, it marks the beginning of a new one. And there is plenty of reason for both the United Kingdom and the European Union to doubt that the new era will be better. Available on [PS]( [Apple]( [Soundcloud]( and all other listening apps. [Check out the Opinion Has It archive]( [PS. Watch PS commentators reimagine multilateral governance and economic development.]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.