The Courage to Prioritize People Over Profits in Today’s Economy

The speaker discusses how capitalism over the last 40 years has prioritized short-term quarterly numbers over building lasting companies. This pressure influences various aspects of society, including the school system and politics, reflecting the pervasive impact of the business world. The U.S. is identified as a key driver of this short-term focus, with figures like Jack Welch and Milton Friedman contributing to its perfection. America's resulting wealth led other nations to adopt similar models. However, the speaker believes this presents an opportunity for Europe. Europeans, valuing humanity and lifestyle over mere wealth, possess richer foundational values. Given the current broken state of capitalism and its ripple effects, Europe has a chance to offer a viable alternative.