Signature Series The Mission Corporation: How contemporary capitalism can change
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About The Event
Adam Smith, the father of modern capitalism, wrote in 1776 of the “invisible hand” that would guide people to pursue their own interests in a free market, leading to beneficial social and economic outcomes.
In his 1789 presidential inaugural address, George Washington spoke about a different type of “invisible hand" – that people were really motivated by adding purpose and meaning to their lives. While capitalism has been the greatest creator of wealth and has raised the standard of living for hundreds of millions of people around the world, it’s also been under attack, especially among young people. Many polls among millennials and Gen Z show that socialism is viewed more favorably than capitalism.
Michael Moe believes that capitalism is still the answer; but it needs a refresh. There is a growing tidal wave of businesses that combine purpose and profits which we he calls the “Mission Movement. Truly great businesses of tomorrow will have the ambition of a for-profit and the heart of a non-profit.
Thank you to our event sponsor Vinson & Elkins and PWC.