The New New Economy: Transcending Capitalism or Why Adam Smith Was Only Half Right
As we navigate through over two years of a global economic crisis, many grapple with a profound sense of stagnation and a lack of innovative solutions. The aftermath of the Reagan Revolution, once hailed as the pinnacle of Capitalism, now leaves us questioning its efficacy and searching for new directions. August Turak’s talk, "The New New Economy: Transcending Capitalism or Why Adam Smith Was Only Half Right," offers a thought-provoking exploration of a transformative economic model that seeks to bridge the gaps left by traditional capitalism.
Turak delves into a critical analysis of capitalism, not as a repudiation but as a re-evaluation, suggesting that the ideas of Adam Smith, while foundational, only capture part of the economic picture. By juxtaposing contemporary business practices with timeless principles observed in Trappist monasteries and the investment strategies of Warren Buffet, Turak presents a compelling vision of an economic model that transcends conventional capitalism.
In this engaging presentation, Turak employs diverse examples—from the selfless, service-oriented ethos of Trappist monks to the pragmatic, long-term strategies of Buffett—to illustrate a new paradigm that maintains capitalism’s productivity while addressing its inherent contradictions. He explores how this emergent model can offer fresh insights and solutions in the face of today’s economic challenges, advocating for a balance that harmonizes profit with purpose.
Join Turak as he redefines economic possibilities and proposes a nuanced approach that integrates the best of past and present, paving the way for a more holistic and resilient economic future.
AUGUST TURAK FOUNDATION
Let’s work together.
Interested in working together? Fill out some info and we will be in touch shortly! We can't wait to hear from you!