Raki Shah Blog | The Real Capitalism | Talkmarkets
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Raki Shah is a seasoned business executive with experience in corporate finance, M&A, strategy, accounting, and marketing. He is a CPA, MBA, and currently works for a global multinational company.

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The Real Capitalism

Date: Saturday, December 19, 2015 6:10 PM EST

When I first set out to write about my viewpoints on business almost six years ago, the one that was always closest to my heart was its potential impact.  In my opinion, the capitalistic approach is the best way to allocate resources, improve society,  and solve the world's problems.  And while I have written about microfinance, corporate and individual philanthropy, and social enterprise over the years, I feel I have never given it as much importance on the site compared to my conviction.  Unicorns were simply more sexy to write about and read.

First off, the double bottom line makes sense for companies.  I would want any strategist in my company thinking about how to reach consumers by solving fundamental issues.  Vodafone did it with mobile devices in Africa.  Unilever does so in India.  Google has single-handedly improved the standard of life for almost every person on the planet by giving them access to information once only held by the elites.  And these companies have dominated their industries and made gobs of money doing so.

I'm not moved by so-called "capitalists" that use their power to skim off the top to line their pockets.  The barbarians at the gate were just that.  The current political system is riddled with personal agendas that make me sick to my stomach.  To me, real capitalists are entrepreneurs that either bring new products and services to market or help lower costs or improve access for consumers.  Companies and systems that are profiting simply by their stature will not last in the long-term.  You see, for example, wall street continues to see their proprietary trading and advisory businesses decline as new entrants and models come to market.  In another example, the sharing economy is systematically taking money out of monopolistic or inefficient industries and giving it to consumers.  The tide is turning and will continue to do so as long as entrepreneurism is embraced.

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Boaz Berkowitz 4 years ago Contributor's comment

Enjoy your hiatus, you will be missed!