A Fourth Way Of Capitalism

Hedge fund billionaire Paul Tudor Jones Talked a TED were he  laid out the case that capitalism can be just. He talked about how its time to expand the narrow definitions of capitalism, that develop a new model for corporate profit that includes justice and responsibility.  Paul Tudor Jones renowned trader exclaims that, "we're in the middle of a disastrous market mania," adding "one of worst of my life." He made its clear that historically this ends by, "revolution, taxes, or war, which none are on his bucket list. 

“This gap between the 1 percent and the rest of America, and between the US and the rest of the world, cannot and will not persist,” said Paul Tudor Jones 

Mr. Jones expand that with U.S. corporate revenues are at there highest point in 40 years and  profit margin growing so has income inequality grown as well. He shows how income inequality is closely link to lower life expectancy, literacy, and math proficiency, infant mortality, homicides, imprisonment, teenage births, trust among ourselves, obesity, and social mobility. He shows in all of these measurements the U.S. is off the charts.

He proposes a fourth way, just corporate behavior with Just Capital non-profit that aims to increase justness in companies. This all starts with defining "justness" to do this Mr. Tudor  ask the public for there input. As it currently stands there is no universal standard monitoring company behavior.  Just Capital will conduct annually surveys in the U.S, polling individuals on their top priorities and will release these results annually. The first results will be out sometime in September.

Tudor hopes that the free market will take hold and reward the companies that are the most just. He said,  "Capitalism has driven just about every great innovation that has made our world a more prosperous, comfortable and inspiring place to live. But capitalism has to be based on justice and morality…and never more so than today with economic divisions large and growing.”