Perhaps irrelevant to some—coming from a man who owes both his wealth and prestige to the antiquated (though persistent) privilege of being born into a royal family—Prince Charles of England again waded into quasi-radical polemics on Wednesday as he told a crowd of financiers and global elites that the “current form of capitalism” must come to an end if humanity wants to save itself from the perils of global warming and climate change.
In a speech to a “stratospheric group of financial, economic and business experts” at the Inclusive Capitalism Conference in London on Tuesday—and an audience that included IMF Chief Christine Lagarde and former U.S. President Bill Clinton—The Prince of Wales pushed for those gathered to accept the need for what he called the “fundamental transformation of global capitalism.”
“We can choose to act now before it is finally too late, using all of the power and influence that each of you can bring to bear to create an inclusive, sustainable and resilient society,” he said. “There will, of course, be hard choices to make, and, take it from me, in the short term, you will not be popular with your peers, but if you stand firm and take the kind of action that is needed, I have every confidence the rewards will be immense.”
The German newspaper Deusche Welle asked if the idea of “inclusive capitalism” was the “new big thing?” — reporting that
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