Economic Reflection during Lockdown: The Urgent Need for a More Sustainable and Equitable Future”.

A cooperative economy: a sustainable solution for an unstable system

During the lockdown isolation in northern Italy amidst the COVID-19 pandemic, I took a moment to reflect on my MBA and executive students’ teachings for many years. It was then that I realized the flaws in our current economic framework. The dominance of major platforms, ineffective economic policy, and depletion of natural resources had made our economic system no longer adequate.

The impacts of the pandemic, social unrest, and environmental exploitation highlighted these issues’ severity. Big Tech companies and their platforms had manipulated the system for their benefit while disregarding others’ well-being and prosperity. This realization led me to question how business school professors like myself could address these problems.

As I pondered these broken economic structures and their consequences for society and the environment, I considered a shift in thinking and action. Changes were necessary to ensure a more equitable and sustainable future for all. My reflection led me to realize that business schools must play a role in shaping a better world by equipping students with knowledge and skills to tackle such issues effectively.

In conclusion, my time in lockdown isolation gave me a new perspective on how businesses could contribute to society’s well-being. It was clear that we needed to rethink our economic system’s fundamentals to ensure its long-term sustainability. As a business school professor, I am now committed to teaching my students about this issue’s importance and helping them develop solutions that can make a positive impact on society and the environment.

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