The document discusses the future of capitalism and innovation. It notes predictions from the 1930s about intelligent machines, genetic engineering, microbes used as factories, and lab-grown meat that are now coming true. It also discusses rising inequality, environmental crises, and challenges to the current capitalist model. Alternative models are mentioned like benefit corporations that measure success beyond profits and focus on stakeholder value and social purpose. The future is predicted to include widespread automation and new technologies that could change the economy and role of humans.

1. The Future
of Capitalism
Ela Madej
Founding Partner at Fifty Years

2. What’s in
the future?
-
@elamadej

3. Intelligent machines
Engineering biology
Microbes used as factories
Lab-cultured meat
@elamadej

4. Winston Churchill predicted
all of that in his essay
“Fifty Years Hence”
- Elon Musk
@elamadej

5. in 1931
@elamadej

6. Intelligent machines
Engineering biology
Microbes used as factories
Lab-cultured meat
@elamadej

7. We are in the middle
of a civilizational
sea change.
- Elon Musk
@elamadej

8. Accelerating innovation
Automation of everything
Digitization of all industries
Intelligent machines
Engineering of biology
@elamadej

9. Worst environmental crisis
Unprecedented inequality
Automation & peak employment
Populism on the rise
@elamadej

10. Capitalism(s) - economic system(s);
based on social contract
@elamadej

11. The majority of millennials
reject the current
version of capitalism.
- Elon Musk
@elamadej

12. What is the
purpose of business?
- Elon Musk
@elamadej

13. The Friedman doctrine
@elamadej

14. The sole purpose of business =
maximizing shareholder value
@elamadej

15. SIy$
$100M company curing diabetes
$100M company causing diabetes
@elamadej

16. Comparing “social reach”
of Ghandi and Hitler without talking
about what they actually did.
@elamadej

17. The SOLE purpose of business =
maximizing shareholder value
@elamadej

18. The SOLE purpose of business =
maximizing shareholder value
@elamadej

19. 2:
Rise of the Benefit Corporation
@elamadej

20. @elamadej

21. The purpose of business is to
“improve society/protect the
environment”
@elamadej

22. 2:
“The success of a business should
be measured in terms of more than
just its financial performance.”
@elamadej

23. 2:
Value alignment →
employee retention
@elamadej

24. 83 percent of MBA students (!)
would take a pay cut to work at
a social impact company.
@elamadej

25. Market forces at work:
“impact companies”
do better in the long term.
@elamadej

26. Al Gore’s $10 billion
investment firm
outperformed the market.
@elamadej

27. U.S. for-profit investments
with “impact” mandate:
$3.8 trillion in 2012
$6.6 trillion in 2014
$8.7 trillion in 2016
@elamadej

28. 2:
1 in 5 professionally managed
dollars in the U.S.
@elamadej

29. 2:
$30 trillion wealth transfer
@elamadej

30. “Profits are not
our primary goal.”
Elon Musk
@elamadej

31. “We should be applying market
forces and business know-how to
solve the world’s problems.”
Bill Gates
@elamadej

32. Businesses ought to “operate
with higher purpose
beyond profits.”
John Mackey
@elamadej

33. Creative capitalism - Gates
Conscious capitalism - Mackey
Sustainable capitalism - Gore & Blood
@elamadej

34. Intelligent machines
Widespread genetic engineering
Microbes used as factories
Cultured meat
@elamadej

35. Social responsibility of leaders
and technologists to design
the world we want to live in.
@elamadej

37. Biochemicals made by microbes
Satellites to democratize cheap internet
Lab robots to accelerate research
Meat without killing animals
@elamadej

38. Today’s tech startups
will be the biggest
businesses of tomorrow.
@elamadej

39. The future of capitalism
is profit + purpose
@elamadej

40. The purpose of business =
maximizing stakeholder value
@elamadej

41. Let’s look fifty years out:
@elamadej

42. Accelerating innovation
Digitization of all industries
Self-Improving intelligent systems
Autonomous organizations
@elamadej
On

43. Nick Bostrom:
“What if we succeed?”
@elamadej

44. What happens when the economy
is no longer run by humans?
@elamadej

45. Can we design that system
so it works for humans?
@elamadej

46. The far future of capitalism
is volatile
@elamadej

47. Autonomous capitalism:
Run by machines
Human ethics at core
Value alignment frameworks
Principled, rational redistribution
@elamadej

48. Let’s get to work
and build a world we want.
- Elon Musk
@elamadej