Please Give to the Max to the Caux Round Table!

Tomorrow, Thursday, November 21, is Give to the Max Day here in Minnesota and we would be most appreciative of anything you can contribute to support our work.

With war in the Middle East, trench warfare in Europe, a new administration taking office in Washington, uncertainty in Europe, Asia worried over its future on the periphery of China, too much debt and Bitcoin at US$90,000, the need for enlightened common sense is the talk of the town.

The Caux Round Table ethical principles for moral capitalism and moral government provide a very sound foundation for such enlightened thinking about the common good.

Our work to learn more about the covenants of the Prophet Muhammad to respect and protect Christians and Jews is unprecedented.  The covenants have been overlooked for some 1,300 years.  Today, they can advance the cause of peace in the Middle East and throughout the world.  Your support for this work is needed and is most justified by the good that can come from more people learning more about these covenants.

To donate, please click here.

If you rather mail a check, our address is 75 West Fifth Street, Suite 219, St. Paul, MN 55102.

You could also contribute via wire transfer.  Please reply to this message for instructions

I thank you again for your support.

Timely Program on the Uncommon Search for Common Ground

As many of you will remember, the Caux Round Table, with its principles for moral capitalism and moral government, has collaborated on programs honoring the legacy of John Brandl, former dean of the Humphrey School and state legislator.  One of our partners has been the Citizens League.

This year, the League has organized the program, “From Conflict to Convergence: Coming Together to Solve Tough Problems,” to encourage all of us to dedicate ourselves to John’s “uncommon search for common ground.”  Such an orientation towards politics, culture, governance and others is timely and would be most beneficial for our state and country.

The Ethical Genius of Moral Capitalism

A recent story in the Wall Street Journal deserves our attention.

It reports on how a company – Starbucks – famous and once very profitable – can’t just float on the tides of capitalism, but must work for its money by taking care of stakeholders.

As I have asked students in my MBA classes on business ethics, “What is a company without customers?”

The students almost always show some surprise in their faces – thinking perhaps that “Of course companies have customers.  It’s a capitalist system.”

Then, I pause and answer my own questions: “Bankrupt.”

The students immediately get the point: in capitalism, you have to attract customers in order to profit.  No one directs them to spend their money in your store.

So, to prove my point, here are excerpts from the reporting of Heather Haddon:

In late summer, a customer started showing up at Los Angeles-area cafes at all hours of the day, quizzing baristas about their favorite drinks to make, or problems with how the stores operated.

That customer, Brian Niccol, is now Starbucks’s chief executive officer, and he is moving quickly to change the way customers experience the world’s largest coffee chain as it struggles to draw customers.

In less than two months in the role, Niccol has pushed to focus Starbucks’s operations, trimming menu items and paring back discounts.  Instead, Niccol is giving priority to delivering quality coffee quickly and accurately with friendly service, particularly in the mornings, when the chain needs to shine.

Niccol, an Americano drinker, said he sympathizes with customers who want drip coffee but have to wait while Starbucks’s baristas labor over elaborate, customized drinks.  “Sometimes you just want a brewed cup of coffee really quick,” Niccol said in an interview.

Starbucks’s challenges have mounted this year and deepened since Niccol assumed leadership in early September.  The company in October reported that U.S. transactions fell for a third consecutive quarter, while earnings and revenue for its most recent quarter undershot analysts’ estimates.  It scrapped its fiscal-year financial forecasts. 

Niccol has said Starbucks needs to be clear-eyed about its problems and move quickly to make customer-friendly changes—such as bringing back Sharpies for handwritten notes on cups, and possibly reinstating newspapers for those who linger in cafes.  When he announced last week that self-service condiment bars would come back to stores next year, some lapsed customers said they would return. 

A Moving Documentary from Minnesota

Donald Trump has just been re-elected president of the United States, but with nearly half the American people voting against him.  As of this writing and somewhat surprising to me, is that Trump’s Republican Party has elected enough senators to take majority control of the Senate.

The recent campaigns reveal a deeply divided American people.  There are lessons here to be learned and multiple conflicting discourses to assess.

Seeking to expand the availability of heterodox discourse, Alpha News, a very small start-up source of news here in Minnesota, has produced a moving documentary looking at a fault line among Americans – the ethical quality of our police.

For many, the police are racist in their interactions with minorities, especially with African American men.  For others, the police are necessary to protect families and neighborhoods against violence and criminal trespasses on the vulnerable and the innocent.

In Minnesota recently, 5 police and firemen have been killed in trying to do their duty.  Alpha News believed that telling their stories and bringing forward to the public the grief of their families would provide more perspective to voters in this time of disagreement and intolerance of the views of others.

For some, this documentary – Minnesota v. We the People – brings out feelings of compassion and respect as emotional responses to individual sacrifices made that the community might be more safely livable and supportive.

For others, it may not be so welcomed and so be perceived as too one-sided in its appreciation of policing.

The producer of the documentary, Liz Collin, received our Dayton Award for 2023 for her courage and leadership in making an earlier documentary commenting unfavorably on the trial of police officer Derek Chauvin for murder in the death of George Floyd, when Floyd was in the custody of officer Chauvin and other members of the Minneapolis Force and protest riots breaking out in response to his death in police custody.

Criminality is everywhere a human failing.  Policing, rightly done, is everywhere a human social asset.  Discourse everywhere facilitates both our becoming aware of our failings and our seeking betterment in our lives.

By sharing this documentary, we hope to provide you with a discourse worthy of reflection on how we, in every country, city, town and village, should meet our need for security of self and others and for providing respect for self and others.

You may watch the documentary here.

Please Share Your Thoughts with Us about the U.S. Election – Tuesday, November 19

Today, I write before going out to vote in our national election.  Who will win and who will lose are not small matters.  The destiny of this country and the world will turn on that outcome and on which party will have the majority in our House of Representatives and Senate.

The polls as to who is most likely to win are so close that few commentators are risking their reputations to predict winners.  And the American people seem so closely divided even though over $1 billion has been spent trying to persuade them to vote one way or another.  Democratic capitalism?

No matter the outcomes here, there will be plenty for all to consider, discuss and plan for.

Please join us on Zoom to share your thoughts and concerns about this election at 9:00 am (CST) on Tuesday, November 19.

To register, please email jed@cauxroundtable.net.

The discussion will last about an hour.

Caux Round Table Educational Certificates

The Caux Round Table is now offering educational certificates, supported by short video modules, on aspects of moral capitalism.  The certificates are honorary and provided at no cost.

The modules have been grouped into nine playlists, available on our YouTube page.

Each playlist presents various insights into moral capitalism.  The presentations provide my thoughts and observations on implications, conundrums, possibilities and negative externalities associated with capitalism, as we experience it.

After you watch all the videos on a playlist, please click here and follow the instructions to send us your thoughts and so receive in the mail a written certificate.

A separate certificate can be obtained for each playlist.

For additional information, please contact us at jed@cauxroundtable.net.

I hope you will take advantage of this opportunity and will gain insights relevant to your career and understanding of our world of possibilities, both good and bad.

Caux Round Table Book Club for 2024: Books and Dates

I have been discussing with our staff and some fellows and interested participants the value to our network of starting a book discussion club in 2024.

Since the formidable works of Adam Smith and Karl Marx, our understanding of capitalism and its alternatives – and of economics, sociology, psychology, politics – has been formed by books.  Those who don’t (can’t) read are at a great loss for not having many contextualizing frames of meaning and narratives with which to think about and rationally act in our world.  They know little about how we got here, what is shaping our lives and where we might go.

Every week or so, it seems to me, there appears one or more new books with relevant contributions to our assessments of the past, present and future.  Too many for me to keep track of.

As we learn from books, we also learn from each other.

We will meet once a quarter by Zoom to discuss a book which has been selected for us to read.

Somewhat haphazardly, we propose these four recently published books:

Power and Progress: Our Thousand-Year Struggle OverTechnology and Prosperityby Daron Acemoglu and Simon Johnson
Why Empires Fall: Rome, America and the Future of the Westby Peter Heather and John Rapley
The Civic Bargain: How Democracy Survivesby Brook Manville and Josiah Ober
Mandeville’s Fable: Pride, Hypocrisy and Sociabilityby Robin Douglass

The times and dates of the discussions are:

-9:00 am (CST) Thursday, February 15 – Power and Progress
-9:00 am (CDT) Wednesday, May 15 – Why Empires Fall
9:00 am (CDT) Thursday, August 15 – The Civic Bargain
9:00 am (CST) Friday, November 15 – Mandeville’s Fable

We will send a notice of meeting and reminders before each date so that you may register to participate.

If the discussions prove fruitful, we can consider adding books and discussion sessions.

I hope this initiative meets with your approval and that you might want to participate.

Please let me know any thoughts you might have on making this initiative as rewarding as possible for participants.

October Pegasus Now Available

Here’s the October issue of Pegasus.

Much of this edition is about citizenship.

First is a piece by Michael Hartoonian on a new universal and foundational curriculum.

Next, Steve Young explains why moral capitalists must care about citizenship.

Thirdly, we include an article by guest author, Richard D. Van Scotter, on how universities sell out to the market.

Lastly, we reprint our principles for good citizenship and include a couple other related items.

I would be most interested in your thoughts and feedback.

Capitalism and Blueberries

Ten years ago, some Peruvian farmers started growing blueberries for export.  They wanted to compete with growers in Chili for “profits.”  Imported berries sold in the U.S. in the cold months when they don’t grow there command high prices.

In 2013, Peruvians earned about $17 million in sales.  In 2023, their income from exporting blueberries was $1.7 billion.  A lot of Peruvian families and workers were better off.  Today, Peru exports more than its competitors, reports The Economist:

Innovation made this happen.  Shades of Adam Smith and creating the pin factory to make more pins and sell them for lower prices so that users of pins, those who wore the clothes they made, factory workers and factory owners, all saw a rise in their well-being.

Peruvians took from inventors in the U.S. new varieties of blueberries which did not need chilly winters and which could thrive on Peru’s coast.  By 1922, the yield of the typical Peruvian blueberry field was nearly double the global average, giving Peruvian growers and their customers a cost advantage.

The provision of public goods also lifted production and private wealth creation – tax breaks and irrigation megaprojects to bring coastal desert land into cultivation.

But as often happens with free markets, competitors join the party.  “Colombia, Morocco, everyone is growing blueberries now,” said one farmer in Peru.

More Short Videos on Relevant and Timely Topics

We recently posted a couple more short videos on relevant and timely topics.  They include:

Moral Capitalism and Why Nations Fail

Is Nuclear the AI Power Solution?

All our videos can be found on our YouTube page here.  We recently put them into 9 playlists, which you can find here.

If you aren’t following us on Twitter or haven’t liked us on Facebook, please do so.  We update both platforms frequently.