While the new global economy has favored some winners, there are also many who have been displaced, from employment to benefits traditionally linked to jobs in advanced economies. Most believe that capital has fared better than labor, and very frequently expediency over safety and health. On the other hand, government directed investments have not proven to be an effective alternative in job creation or innovation. Government may facilitate jobs as it does the work of artists. However, creating art or enterprise relies upon the vision and endeavor of the individual(s) even when motivated by the social.
Perhaps the answer lies in new perspectives. Greed may not be the only measure of the success of capitalism and global trade/investment. On the other hand, private enterprise may still be the most effective driver of capital, employment and intellectual resources. A new paradigm may be on the horizon where profit and altruism are complementary: Read our definition of “Social Responsibility Entrepreneurship” vs “Socially Responsible Enterprises.”