081 Profiteers - How Business Privatizes Profits and Socializes Costs

Join us for an insightful conversation with Chris Marquis, the Sinyi Professor of Management at the University of Cambridge, as we delve into the world of sustainable economics and his latest book, "The Profiteers: How Business Privatizes Profits and Socializes Costs." In this episode, Chris will share how his academic research aims to tackle some of the most pressing crises of our time, including climate change, inequality, and discrimination. Discover what inspired Chris to write "The Profiteers" and explore the hidden costs of business, known as externalities. Learn how current business models reward companies for transferring these costs to consumers and whether this practice is prevalent in other countries. We will also dive into critical issues such as who bears the burden of carbon emissions, environmental damage, cheap goods, cheap labor, and systemic discrimination.  Finally, Chris will discuss potential solutions for building a regenerative economy. He will explain the concept of the commons, the role of corporate activism, how governments can contribute, and what individuals can do to make a difference. Tune in for a thought-provoking discussion that promises to challenge your views on business and economics while offering actionable insights for creating a more sustainable future. Links and more resources related to this video: https://www.sustainabilitynow.global/2024/08/10/081-the-profiteers-how-business-privatizes-profits-and-socializes-costs/ #SustainableEconomics #TheProfiteers #ChrisMarquis #BusinessEthics #ClimateAction #CorporateResponsibility #RegenerativeEconomy #SocialImpact #EnvironmentalJustice #EconomicInequality