Economics of Mutuality | Bruno Roche

08/03/2023 46 min
Economics of Mutuality | Bruno Roche

Listen "Economics of Mutuality | Bruno Roche"

Episode Synopsis

Join me and Bruno Roche for a conversation on the benefits of the ‘Economics of Mutuality’. EOM is a disruptive Management- and Business Performance Model that rewrites the current Paradigm and Definition of ‘Profit’ & ‘Capital’. In his book ‘Completing Capitalism: Heal Business to Heal the World’, he argues that today’s Capitalism is Incomplete (co-author Jay Jakub). Bruno says, today People and Planet are still in Service of Business – and Business is in Service of Finance - and eventually, Finance is in Service of ITSELF only. That’s an Unstable and Unsustainable System.   

Studies by Oxford University have shown that 90% of Businesses engaging Sustainability Practices lower their Cost of Capital, 88% of Companies managed to increase their Operational Performance and 80% of listed Firms, showed a stronger Share Price performance. A more complete form of Capitalism, drives better financial performance, because it includes and mobilizes Other forms of Capital, such as Human-Capital, Social-Capital, Natural-Capital ALONGSIDE Financial-Capital.    

Business Leaders must Understand that their Responsibility needs to go beyond maximizing (monetary) profits for Shareholders. Limiting Profits & Capital to Money, as has been done over the last decades, fails to build strong, resilient and sustainable Companies. This has been shown already in the Financial Crisis of 2008, and is about to be demonstrated again due the economic challenges due to the Covid19 pandemic. Dr. Steven Garber, Principal of the Washington Institute, describes ‘Economics of Mutuality’, as neither Charity, nor Corporate Social Responsibility, but rather a Way for Sustained Profitability. He says, EOM aims for making Money in a Way that Remembers the Meaning of the Marketplace.

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https://eom.org/team-bruno-roche

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