The Social Contract: Climate Change and Inequality

Thank you very much, thank you. This is what I get, right? This is the [chair]? That feels good, feels good! The topic of today’s class is called, Business
and Society: Through the Looking Glass. What I’d like to do is use three mirrors to
look at the relationship between business and society. The big problem: you all know what it is. You can imagine what would happen if we don’t
do anything. We do know that when you combine capital,
labor and resources, you get more productivity. So, even from the point of view of global
warming, we know that that combination has also caused the warming. But it can also be a cause for improving it. So if you have a merger, if you have an alliance
or a partnership, and they get together and they start fighting, this is so common because
it cannot foresee the future. And so basically, in order to deal with that
kind of broken contract, if you will, we have to create governance structures so that you can solve
it. This global warming, it’s only the last maybe
few years that it’s kinda hit a lot of people. So this is an unexpected thing that we need
to handle. and we don’t have a governance system so far that has created a way to handle
that. What worries me is that no part of the system
seems to be naturally leading to a way out. We have not just the global warming problem,
but an inequality problem that then leads to political differences that make this governance
of a progressive contract to improve things very, very difficult. So, what do we do about that? Is there a new contract that can help with
that? The more we have a discussion about this,
the better we can actually come to some kind of solution. So this is a big debate. I do know that Louis Brandeis would want us
to have this conversation, and would want us to have this kind of discussion at Brandeis.

Author: Kennedi Daugherty

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