THE CAUX ROUND TABLE PRINCIPLES: A SOLUTION FOR THE INTERNATIONAL ECONOMIC AND SOCIAL CRISIS?

Petru Bardas (), Simona Rotaru (), Mirela Ghita () and Mihaela Cocosila ()
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Petru Bardas: Spiru Haret University, Bucharest, Romania
Simona Rotaru: Spiru Haret University, Bucharest, Romania
Mirela Ghita: Spiru Haret University, Bucharest, Romania
Mihaela Cocosila: Spiru Haret University, Bucharest, Romania

Review of General Management, 2013, vol. 17, issue 1, 172-178

Abstract: In an European and international economy, seized by the perpetual globalization fever, with an appetite for consumption, a culture was born, one of “the adolescentism” that stimulates greed, where the contemporary man is determined by the will of possession, not ideals, aculture that has contaminated the whole world. Greed is responsible for the economic power excesses; the immoral actions of Enron and WorldCom, other abuses from the speculative investments area and also the increased poverty in important areas of Africa, Asia and Latin America are sources of powerful social agitations. This has led to the need of changing the governmental principles of the “wild capitalism” theorized by Andrew Carnegie and ErbertSpencer, with principles of a moral capitalism, based on the Caux Round Table governmental principles, that remained since its publication, nine years ago, the only set of standards of corporation social responsibility, proposed by leaders from the entire spectrum of business leaders.

Keywords: the social darvinism; the wild capitalism; the popular capitalism; the principes of the caux round table (search for similar items in EconPapers)
JEL-codes: A10 H12 (search for similar items in EconPapers)
Date: 2013
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