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Beyond ESG : reforming capitalism and social democracy

Author

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  • Marcel Boyer

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

Abstract

Several voices are rising to demand an in-depth reform of capitalism in the wake of the increase in income and wealth inequalities of the last four decades, the climate urgency in a local global world, and the financial crisis of 2007–2010. At the forefront of this movement are different groups aiming at redefining the role of businesses around socially responsible stakeholders' governance. There is a real danger that governments will be put under pressure from misinformed constituencies and will want to play Goethe's sorcerer's apprentice: too often, good intentions are but a paved road to hell. In this document, I analyze various reform projects, I discuss the concepts of ethics and equity (environment, water, life, remuneration, inequalities, ESG) and I propose projects for in-depth reforms of capitalism and social democracy.

Suggested Citation

  • Marcel Boyer, 2021. "Beyond ESG : reforming capitalism and social democracy," Post-Print hal-03468903, HAL.
    • Handle: RePEc:hal:journl:hal-03468903
    DOI: 10.1561/109.00000033
    as

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    References listed on IDEAS

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    1. Martin L. Weitzman, 1974. "Prices vs. Quantities," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(4), pages 477-491.
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