Survey Signals Future of Capitalism in 2024: Stakeholders and Income Inequality

A recently conducted survey reveals an anticipated shift in the capitalist structure by 2024, pointing towards a rise in stakeholder capitalism, a potential threat to businesses, and a greater focus on addressing income inequality.

Stakeholder Capitalism on the Rise

The survey, conducted by Quartz, indicates a significant shift from shareholder capitalism to stakeholder capitalism. Respondents believe that by 2024, businesses will place greater emphasis on the interests of all stakeholders, including employees, customers, and the community, rather than solely focusing on shareholders’ profits.

Potential Threats to Businesses

The survey also highlights potential threats to businesses. Respondents perceive income inequality, climate change, and digital privacy as the top three threats. These issues reflect the growing public concern about the social and environmental impacts of business operations.

Addressing Income Inequality

Income inequality emerges as a major issue in the future of capitalism. 70% of respondents believe that businesses will take more responsibility in addressing income inequality by 2024. This includes measures like fair wages, reducing wage gaps, and promoting financial stability for workers.

The survey suggests a shift in capitalism’s future, with a focus on stakeholder interests and addressing income inequality. Businesses are expected to play a significant role in tackling societal and environmental issues, marking a significant departure from traditional capitalist practices.