By Steve Smith
Capitalism is in crisis. So says Darren Walker of the Ford Foundation.
Walker recently added his voice to the chorus of leaders who believe the United States is suffering from unprecedented levels of inequality. Extreme levels of economic inequity are only one of the many forms of inequality that plague our nation. We also face rampant discrimination based on race, gender, sexual orientation, ethnicity, religion, and ability.
As if this weren’t enough, he reminds us of the threat of a global environmental catastrophe, which looms over the whole thing, making every one of these disparities more extreme through droughts, food shortages, and refugee crises.
But it's not all gloom and doom. Walker also says that today, a growing number of leaders in the business and social sectors are finding ways to make our capitalist system fairer. They recognize that if we create the context and conditions for an inclusive and just economy, the more we can use capitalism’s undeniable productive power to unlock better ideas and outcomes for humankind.
On that more optimistic note, I highly recommend reading what Walker has to say in the latest Fast Company.