194. John Mackey (Founder and CEO of Whole Foods Market) on Conscious Capitalism & Conscious Leadership

Published: July 21, 2021, 7 a.m.

b'

John Mackey says the treatment for the cancer of crony capitalism is conscious capitalism, grounded \\u201cin an ethical system based on value creation for all stakeholders,\\u201d which includes not just owners, but employees, customers, the community, the environment, and even competitors, activists, critics, unions, and the media. Mackey cites Google and Southwest Airlines as role models, and pharmaceutical companies and financial corporations as anti-role models. In a surprise pivot, Mackey lays the blame for the myth of the profit motive as the only measure of value at the feet of capitalists themselves. Mackey\\u2019s goal is to write a new narrative for capitalism that asks us to care about customers and human beings instead of data points on a spreadsheet.

'