CAPITALISM 2.0 Capitalism 1.0Capitalism 2.0 Purpose of the Firm Maximize shareholder value; Short-term Creating shared stakeholder value, including the Environment; Long term Legitimate capitalsFinancialFinancial, Natural, Social, Human Bottom linesProfitProfit, Planet, People Negative impactsExternalizedInternalized Accountability boundaries The firmThe firm's value chain, over its products' life cycles TransparencyAs little as possibleNaked Business modelTake-Make-Waste; Linear Borrow-Use-Return; Circular, Cradle to Cradle; Closed loop Source of financial capital Stock market; Big financial institutions; Absentee owners Stock market; Smaller financial institutions; Customers; Employees; Local communities Market focusGlobalLocal
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