Change Universities to Change Capitalism
Posted by Netter Center for Community Partnerships on June 8, 2021
Dr. Ira Harkavy, Associate Vice President and Founding Director of the Netter Center and Netter Center Associate Director Rita Hodges wrote an op-ed, “Change universities to change capitalism,” which appeared in the Pennsylvania Capital-Star:
America’s current wealth distribution, with the top 1 percent holding 16 times the wealth than the bottom 50 percent (roughly $34.23 trillion compared to $2.08 trillion), is at odds with the idea of a fair and just society.
Other inequities laid bare and exacerbated by COVID 19 are similarly stark and troubling, including historically-based, market- and policy-supported racism.
Business Roundtable’s 2019 redefinition of the purpose of a corporation, in which 181 CEOs committed their companies to benefiting a range of stakeholders, including employees and communities, not just shareholders, is evidence that there is a growing public sense that something must be done.
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