Practical Implications

Abstract

There are many countries in the world fighting a war of 1% versus 99% uneven wealth distribution. After more than 200 years of social experiments in human history, the for-profit corporation became a predominant form of organization in modern capitalism because of its market power and competitiveness. The power concentration of big businesses also unbalanced the wealth concentration in a small number of entrepreneurs and/or top management leadership of corporations. The concepts of fairness and justice are being crushed in many capitalist societies, and consequently, those societies around the world today are suffering from more and more social problems—such as poverty, unemployment, and environmental damages—than in the past.