As often before, inequality formed a major part of the discussions at the Davos Summit, once more pointing to the ever-growing divide between the world richest 1% and the rest.
As argued by various business scholars, “Income inequality has become the most notable challenge of our times” (Crane, et. al
, 2014: pg.1). They argue that business should be pivotal in fighting this. One may argue how business should actively address this divide, as opposed to placing the problem at governments to redistribute incomes through their taxing mechanisms (Alvaredo, Atkinson, Piketty & Saez, 2013) (See also the recent 12manage discussion: Global Tax on Wealth (Piketty)).
Corporate Social Responsibility generally advocates the inclusion of stakeholder’s expectations and social consequences of doing business. Therefore this problem should be fought through these channels, including corporate social programs. Businesses can be regarded as one source of this inequality as they generally sustai (...) Read more? Sign up for free