Monopolies Are Killing America
Ross Baird
56030

This is an incredibly powerful piece — thank you. Would love to discuss the Human Company Playbook. Here’s an excerpt from the Manifesto:

“The choices that CEOs and boards make, including employee compensation, executive compensation, eliminating the gender pay gap, and providing access to healthcare directly contribute to income inequality. And income inequality contributes to wealth inequality, which is at its widest gap ever with the top 1% of our population owning 40% of our wealth.

Furthermore, we are currently observing a growing inequality gap among businesses. While corporate profits in America are at an all-time high, distribution is uneven. Top performing companies are outpacing the rest, which bolsters their position and creates barriers to competition, once a hallmark of American business. In this winner-takes-all model, the average life of an S&P company is just under 20 years as oligopolies punctuate the corporate landscape.

In the 21st century, we chose to make America rich. We also chose not to make Americans rich. The middle class is no longer the majority. Nearly half of Americans can’t afford a $400 dollar emergency. We have become so used to the haves and have nots that we’d rather foot the bill for universal basic income for the “idle class” than redesign companies to offer universal basic services — and dignity.

And so we cannot extricate business design from its effect on society. When we chose Friedman over Drucker, with a dose of Gordon Gekko for extra measure, we explicitly chose to design companies and economies for short-term gain, conditioning investors for growth instead of value, and disregarding the long-term effects on the very same people who produce our goods and services”

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