The reason is quite simple: Those workers are also consumers. When the 99 percent earn more, they spend more, and the one percent can produce more and earn more themselves.
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In the wake of the widening economic inequity in America and around the world, the old rules of capitalism are long past due for a drastic 21st century overhaul.
Last week, 50,000 people gathered in a Nevada desert for Burning Man. "Why aren't you at Burning Man right now?" is a common question asked of those who are not there. Here -- "party pooper" alert -- is my answer.
Nestle has taken specific and measurable steps to achieve sustainable, shared value.
The irony of Buffett is that his talent and his will are unfathomable, but his flaws are not. The one thing we can truly understand about him is the part of him that's just like the rest of us.
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