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Beyond ESG: Reforming Capitalim and Social-democracy

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  • Boyer, Marcel

Abstract

Several voices are rising to demand an in-depth reform of capitalism in the wake of the financial crisis of 2007-2010, the increase in income and wealth inequalities of the last four decades, the climate urgency in a local global world. There is a real danger that governments will be put under pressure from poorly-informed groups and will want to play Goethe’s sorcerer's apprentice: too often, these 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 to add a project for in-depth reforms of capitalism and social-democracy.

Suggested Citation

  • Boyer, Marcel, 2021. "Beyond ESG: Reforming Capitalim and Social-democracy," IAST Working Papers 21-121, Institute for Advanced Study in Toulouse (IAST).
    • Handle: RePEc:tse:iastwp:125313
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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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