Economic Transformation Amid the Pandemic: Reflections of a Business School Professor

A cooperative economy: a sustainable solution for an unstable system

Amidst the COVID-19 pandemic, while in lockdown isolation in northern Italy, I took a moment to reflect on the frameworks that I have been teaching MBA and executive students for many years. The impacts of the pandemic, along with social unrest and the exploitation of our planet, highlighted the flaws in our current economic framework. It became clear to me that our economic system was no longer adequate.

The dominance of a select few major platforms, ineffective economic policy, and the depletion of natural resources had created an unsustainable system that benefited only a select few at the expense of others. This realization led me to question how business school professors like myself could address these issues.

As I pondered the broken economic system and its consequences for society and the environment, I considered the need for a shift in thinking and action. It was clear that changes were necessary to ensure a more equitable and sustainable future for all. The current structures in place were unsustainable and harmful in the long run, and it was time to rethink our approach to economics.

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