Responsible capitalism is not a form of millennial pandering

ICYMI, we wanted to let you know about a major change in corporate attitudes—if not yet actions—that was officially recognized this week. The Business Roundtable, a powerful CEO lobbying group led by JPMorgan Chase’s Jamie Dimon, agreed to an updated definition of the purpose of a company that recognizes responsibilities to customers, employees, suppliers, and the environment as being on par with the responsibility to shareholders. You could accurately point to a few factors, including angry and informed consumers who finally have efficient means to band together and spread their messages, or political trends that have corporate executives worried over the fate of capitalism, or even fears that companies aren’t prepared to properly retrain employees as AI and automation technologies advance.