Brave New World: From Purpose to Progress (to Prosperity)

Modern capitalism has created an almost paradoxical situation: while it has led to great prosperity in large parts of the (Western) world, it has also exacerbated environmental destruction and social inequalities. In light of the now undeniable global polycrises, the question arises whether the solution lies in a comprehensive reform of the Western economic system or whether entirely new approaches must be developed to save the world from collapse. And: What roles can and should brands play in this context? It is clear that brands, too, have two faces: on the one hand, they are deeply embedded in the logic of capitalist growth and stand for consumption and resource use. On the other hand, through their market and communication power, they also have the potential to drive forward sustainable economic models and anchor them in the societal mainstream. The answer to this question—and the sometimes controversial debate about brand purpose has shown this—also touches on the fundamental societal role of businesses as well as the political and ethical dimensions of economic activity in general. However, it quickly becomes apparent in this context that the fundamental tension between purpose and profit in brands can only be resolved through a balanced equilibrium between economic orientation and social responsibility.