The Conscious Capitalists

Profit is essential for business, but what happens when it comes at the expense of society?

Join us as we dive into this pressing issue with Chris Marquis, author of "The Profiteers: How Business Privatizes Profit and Socializes Costs." Marquis unpacks how companies often "socialize their costs" through harmful side effects and externalities, leaving society to pick up the tab.

We explore the dark side of corporate profit-making, with the opioid crisis and Purdue Pharma serving as prime examples of how businesses can hide their negative impacts. Imagine a car's exhaust pipe feeding directly into the passenger compartment—that's the stark reality of pollution externalities affecting everyone, not just the polluters.

But instead of pointing fingers, Marquis advocates for a transformation of our systems and markets. He emphasizes the need to evolve our practices to account for the true and total costs of doing business while preserving the best aspects of our market-based capitalist system.

Tune in to discover how current business models contribute to environmental degradation, plastic pollution, biodiversity loss, and extreme social inequality, and why these practices are unsustainable in the long run. With Chris Marquis, we explore innovative ways to capture conscious businesses' true costs and profits, ensuring that profit remains beneficial and ethical.

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If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes?

It takes only a few seconds and greatly helps us get our podcast out to a wider audience.

Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.

For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com

This show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.

Thank you for your support!

Timothy & Raj

Time Stamps

00:00 Introduction to Profiteering and Externalities

00:44 Welcome to the Conscious Capitalists Podcast

01:22 Introducing Special Guest: Chris Marcus

02:33 Critiquing Capitalism and Celebrating Its Potential

04:27 The Legacy of Jack Welch and Shareholder Capitalism

09:20 The Sociological Perspective on Business

24:09 The Role of Business Schools in System Change

33:31 The Urgency of Climate Action and Systemic Change

36:28 Exploring Chinese Business and Authoritarianism

42:08 Defining the Responsibility of Business

43:48 The Concept of Regenerative Business Models

48:38 Chris's Personal Journey and Pittsburgh's Transformation

50:37 Conclusion and Final Thoughts

We speak with CEO of Greyston Bakery, Joe Kenner, one of the leading advocates and practioners of open hiring. 10 million people in America are no longer in the workforce but most want to be.

Hear how to help them get into the workforce- they could be the solution to the so-called worker shortage in the US!

** If you enjoy this podcast, would you consider rating and leaving us a review? It takes only a few seconds and greatly helps us get our podcast out to a wider audience. Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts. For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com Thank you for your support! Timothy & Raj

Richard Leider has spent his career helping people and organizations find their purpose. In his new book "Who do you want to be when you grow old?: The Path to Purposeful Aging" he has a great line: we get old... or we GROW old. Enjoy this wide-ranging conversation on all things Purpose and the second half of the journey. ** If you enjoy this podcast, would you consider rating and leaving us a review? It takes only a few seconds and greatly helps us get our podcast out to a wider audience. Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts. For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com Thank you for your support! Timothy & Raj

This week, Rand Stagen, one of the key figures behind Conscious Capitalism, provides a fascinating description of the vertical, adult development, element of Conscious Leadership development.

He discusses the need to take the ‘long view’ in getting to the 'next level' of self awareness and conscious leadership.

We also discuss the governance issues in developing conscious businesses: the need for both fiduciary and stewardship obligations and the need to be BOTH short- and long-term focused.

Rand shares insights from his 20 plus years at the helm of one of the best Conscious Leadership development programs in the world: the Stagen Leadership Academy. ** If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience. Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.

For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com

Thank you for your support!

Timothy & Raj

In this episode, we welcome John Mackey, the visionary co-founder of Whole Foods Market and co-author of Conscious Capitalism.

Hear the compelling story of the origins, challenges, and growth of Whole Foods from co-founder and long-time CEO John Mackey. From 1 store to over 500 stores, John shares important examples and practices of Conscious Capitalism in action at Whole Foods; from aligning values and value through compensation to the lessons learned from unionization efforts.

John shares his journey of awakening through the lens of business, discussing the principles of conscious leadership and the significance of servant leadership in his career. The conversation delves deep into the philosophies and practices that have defined John's career, exploring the broader implications of conscious capitalism in today's business world.

John also introduces his latest venture, Love.Life started with the sheer hunger to build a culture of prioritizing physical and mental well-being as well as personal growth and healing.

Join us for a thought-provoking discussion that offers valuable insights into the transformative power of conscious business practices.

**

If you enjoy this podcast, would you consider leaving a review on Apple Podcasts or Spotify? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.

Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.

For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com

This show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.

Thank you for your support!

Timothy & Raj