Please Join Us For an In-person Round Table on the Financialization of Everything – Tuesday, October 26

Inflation worries are in the news.  The rise in financial asset prices continues willy-nilly.  Bernie Sanders wants more taxes on the rich and transfer of money to the poor and nearly poor.  The gap between those with access to money and the middle class grows wider and wider.  Middle incomes, in real terms, have stagnated since 1973.

The interconnections between finance and capitalism – the money economy and the real economy – are complex and legendary.  Marx, Keynes and Milton Friedman all had strong opinions about how finance does or does not contribute to a good and a responsible capitalism.

The topic is so important that we should not turn aside from seeking to learn more about what finance is doing to our economies in our time.

Please join us for an in-person round table on the financialization of everything at 9:00 am on Tuesday, October 26, at Landmark Center in St. Paul.

We are very pleased to provide a meeting space at Landmark Center to continue its tradition of public service and to share with the community its spacious rooms and architecture of distinction.  In Landmark, one can experience the contributions of design to our self-regard and our feelings of citizenship, as being part of something larger and worthy of note.

Registration and a light breakfast will begin at 8:30 am.

The cost to attend is $10.00 per person.

Space is limited.

For more information or to register, please email Jed at jed@cauxroundtable.net.

The event will last about 2 hours.

Are Journalists Responsible for Telling the Truth? Please Join Us In-person on September 28th

As we Americans recover from the “withdrawal” from Afghanistan and the 2022 election campaign for control of the House and Senate begins a bit earlier than usual, we seem as divided into different subjective epistemological and emotional living spaces as ever.  Each of us has seemingly been anointed as a truth bearer.

Whoever is not for us is against us.  The enemy of my enemy may be my friend.  What does not fit is misinformation or disinformation.  No one can be trusted, except fellow true believers.

So, who needs journalism anyway?  Or rather, what does journalism have to do with our truth?

There are media companies, private businesses selling information and entertainment to paying customers.  But are they in the business of journalism?

As private companies, they presumably come within the compass of business ethics pointing to their true north.  Under the principles of moral capitalism, they have stakeholders to consider.  But in what order of priority?  Owners first or the common good first?  Where does hucksterism end and citizenship begin?

The Caux Round Table has proposed a code of ethical conduct for persons working in journalism, which you can read here.

Please join us for an in-person round table on the ethics of journalism at 9:00 am on Tuesday, September 28, at Landmark Center.

We are very pleased to provide a meeting space at Landmark Center to continue its tradition of public service and to share with the community its spacious rooms and architecture of distinction.  In Landmark, one can experience the contributions of design to our self-regard and our feelings of citizenship, as being part of something larger and worthy of note.

Registration and a light breakfast will begin at 8:30 am.

The cost to attend is $10.00 per person.

Space is limited to 24 attendees.

To register, please email Jed at jed@cauxroundtable.net.

Due to the Delta variant, the building is requiring face coverings for all who enter.

The event will last about 2 hours.

How Deleterious for Social and Human Capitals is Social Media? Please Join Us In-person on August 31st

There is a new book out on Mark Zuckerberg and Facebook. From a review, it seems the book takes a dystopian view of what Zuckerberg created with his social media platform.

The first reaction to social media was, as I recall, enthusiastic – taking participatory culture and politics to the masses for a flowering of human creativity and fulfillment at personal and community levels.

Then, second thoughts came upon us.

Now, we wallow in anxiety over misinformation, disinformation, wasted hours, personality distortions, cancel culture, ad hominem attacks in place of reasoned arguments, emotions crowding out goodwill, the rise of Trump, the evaporation of the habit of reading and learning how to think well, etc.

The Caux Round Table has proposed a code of ethics for users of social media, which you can view here.

Please join us to discuss this code and social media in general at 9:00 am on Tuesday, August 31, at Landmark Center.

Registration and a light breakfast will begin at 8:30 am.

The cost to attend is $10.00 per person.

Space is limited to 25 attendees.

To register, please email Jed at jed@cauxroundtable.net.

As of now, due to the Delta variant, the building is requiring face coverings for all who enter.

The event will last about 2 hours.

How Can the CRT Principles Help Solve Global Warming? – Tuesday, July 27

With record high temperatures in many places, including in our northwestern states and news reports of placing reflective plastic sheeting on Alpine glaciers, what are we to make of global warming?

What data is most probative? What technologies might slow or reduce climate change – wind and solar, carbon capture, nuclear fusion, more efficient engines, huge batteries, a carbon tax? Who will pay for changing our ways of generating electricity and acquiring new technologies – consumers, owners or taxpayers?

In particular, are there Caux Round Table principles which when applied to businesses, governments and individuals, would provide action agendas as moral imperatives?

Your insights, concerns and recommendations on these and related questions are most timely.

Please join us at 9:00 am on Tuesday, July 27, at Landmark Center to discuss.

Registration and a light breakfast will begin at 8:30 am.

The cost to attend is $10.00 per person.

Space is limited to 25 attendees.

To register, please email Jed at jed@cauxroundtable.net.

The event will last about 2 hours.

Please Join Us for In-person Round Table on “Infrastructure: A Public Good or Private Good? How Do We Get Value for Money?” – Tuesday, June 29

What is “infrastructure?” What are its social benefits? What should it cost? Are social and human capitals part of a society’s “infrastructure?”

With Senator Joe Manchin yesterday declaring his principled opposition to one party hegemony in a constitutional democracy, which respects minority opinion, President Biden will now have greater difficulty getting his plans for spending trillions on “infrastructure” approved by the Congress.

President Biden’s proposed spending on “infrastructure” raises, yet again, the institutional question of where is the sweet spot for optimal symbiosis between free market decision-making and government provision of public goods via regulation or rent transfers?

What are “public goods” anyway? How valuable are they?

From the Caux Round Table perspective of moral capitalism, getting the definition of “infrastructure” seems basic to system optimization of both capitalism and stakeholder outcomes.

Please join us for an in-person celebration of the ending of the pandemic round table discussion on “infrastructure” at 9:00 am on Tuesday, June 29, at the Landmark Center in downtown St. Paul.

Cost to attend is $10.00 per person.

Participation will be limited to the first 20 registrants.

To register, please email Jed at jed@cauxroundtable.net.

The event will last about two hours.

Zoom Roundtable on The Tech Monopolies, Please Join Us Thursday, May 27 at 9am

I am keeping a folder of clippings on the realities of the FANGS – concentrated market power in sectors of popular education, civics, character formation, family dynamics, consumerism, entertainment and shaping the zeitgeist of our country.

There is a book on surveillance capitalism – is privacy out of date in an age when others can judge our words and our beliefs to prevent us from causing hurt?

Our Senator, Amy Klobuchar, has a book just out on antitrust.  Is censoring Donald Trump a proper use of monopoly power?  What about the 1876 Supreme Court case of Munn v. Illinois, which ruled in the case of a cartel of grain elevator owners in Chicago that voluntarily acquiring market power makes one a custodian with obligations to use that power with abuse?

Please join us for a local Zoom round table on high tech and moral capitalism at 9:00 am on Thursday, May 27.

The event is limited to 25 attendees.

To register, please email Jed at jed@cauxroundtable.net.

The discussion will last about an hour and a half.

In-person Round Table: The Coronavirus – One Year On — April 8 at 9AM

Well, it’s been one year since corona viruses hit our shores and what have we learned? What role has capitalism played and what role government? Are vaccines private or public goods? What about the right to a good education? What has trillions added to our liquidity done to reduce the wealth gap between the top 10% and the rest of us?

Please join us at 9:00 am on Thursday, April 8 at Landmark Center for an in-person round table, sort of a return to normal, to bring collective wisdom to bear on these questions and more.

Cost to attend is $10 per person.

Due to the Center’s virus restrictions, we’re limited to 14 total attendees. Face masks and social distancing must also be observed.

To register, please email Jed at jed@cauxroundtable.net.

Please Join Us Online for Presentation of Our Annual Dayton Awards

The globally recognized 1994 Caux Round Table (CRT) ethical Principles for Business reflect the special legacy of Minnesota business leadership in seeking success through service to community and stakeholders. This remarkable legacy was epitomized by the Dayton Family – founders and owners of Dayton’s Department Store and Target Corporation, generous benefactors of the arts and community organizations.

To recognize the continuing importance of socially responsible leadership, the CRT annually recognizes executives who have distinguished themselves and their organizations in service to community.

Please join us online at 1:00 pm (CST) on Thursday, March 25 as we recognize Andrew Cecere, Chairman, President and CEO of U.S. Bancorp, for his determined engagement on behalf of the homeless to provide them with new facilities for shelter and meals.

The CRT will also recognize Don Samuels, CEO, MicroGrants, and Sondra Samuels, President and CEO, Northside Achievement Zone, for their perseverance in opening economic opportunities for citizens of north Minneapolis.

Thirdly, the CRT will commemorate the leadership of James Ford Bell, the Founder and CEO of what is now General Mills, after World War I in mobilizing Americans in agricultural enterprises to provide food for the hunger in Europe.

Agenda

  • Welcome: Stephen Young, Global Executive Director, CRT
  • Presentation of Award to Andrew Cecere: Brad Anderson, Chairman, CRT; former CEO, Best Buy
  • Remarks: Andrew Cecere, Chairman, President and CEO, U.S. Bancorp
  • Remarks: Cardinal Peter Turkson
  • Presentation of Award to Don Samuels and Sondra Samuels: Brad Anderson, Chairman, CRT; former CEO, Best Buy
  • Remarks: Don Samuels, CEO, MicroGrants
  • Remarks: Sondra Samuels, President and CEO, Northside Achievement Zone
  • Remarks: Lady Lynn Forester de Rothschild, Founding and Managing Partner, Inclusive Capitalism
  • Retrospective Award to James Ford Bell: Mark Ritchie, President, Global Minnesota, and Jeff Harmening, President and CEO, General Mills
  • Closing Remarks: Stephen Young, Global Executive Director, CRT

In particular, the Dayton Awards seek to dramatize leadership capacities of vision and prudence.

In 1994, at the initiative of several senior Minnesota business executives, the CRT published the first set of global ethical principles for business in Caux, Switzerland. Those principles then inspired the United Nations Global Compact. The CRT principles have informed the growing global movement for corporate social responsibility, which provides a road map for a more moral capitalism.

There are essential abilities required to lead – integrity, courage, compassion, respect and responsibility:

Integrity is being honest and having strong moral principles. Having integrity means you are true to yourself and would do nothing that demeans or dishonors you. Integrity makes you believable, as you know and act on your values.

Courage is strength in the face of adversity and upholding what is right, regardless of what others may think or do. Courage enables you to take a stand, honor commitments and guide the way. Courage is a necessary element of responsibility.

Compassion is having concern for another. It is feeling for and not feeling with the other. Compassion is concern of others in a more global sense.

Respect is a feeling of deep admiration for someone. Leaders ought to be respected and they ought to respect those with whom they work. Demonstrating this perspective is essential to motivate and inspire others.

Responsibility is acting on commitment, will, determination and obligation. Responsibility implies the satisfactory performance of duties, the adequate discharge of obligations and the trustworthy care for or disposition of possessions. It is being willing and able to act in a life-enhancing manner. Responsibility is expected of self, as well as from others.

To register, please click here.

Again, this online event will be taking place at 1:00 pm (CST) on Thursday, March 25.

Annual Brandl Program: Community Policing – the Way Forward for a Divided America – Friday, March 19

Law enforcement in America is controversial. Is it just? Is it little more than a repressive apparatus, subjecting the vulnerable and the afflicted to the norms of the ruling class in the cause of maintaining “white privilege?”

Police derives from the Greek word for city – “polis,” which came to embrace the idea of political community. In Latin, this became the ‘res publica,’ which gave rise to “republic.” Policing is part of building and maintaining community.

This was recognized by the founder of modern police forces, Sir Robert Peel. When launching the first police force, the London Metropolitan Police, Sir Robert issued ethical principles to direct the application of police power in the community. He insisted that the police are the community and the community the police.

What we must do both to enhance community and to police effectively depends on our insights into human nature – is our species congenitally good or evil or both at once? Human nature – good or bad – guides both members of the community and the sworn officers of every police force. What kind of character is needed for good policing in America today? What kind of character is needed for our citizens to be fair and just with one another?

Please join us for our annual Brandl Program, this year on “Community Policing – the Way Forward for a Divided America” over Zoom at 11:00 am on Friday, March 19th.

The panelists will include John Harrington, Commissioner of the Minnesota Department of Public Safety, Matt Bostrom, former Sheriff of Ramsey County and Booker Hodges, Assistant Commissioner of the Minnesota Department of Public Safety.

The program agenda is:

-Welcome: John Hinderaker, President, Center of the American Experiment

-Presentation of Speakers: Laura Bloomberg, Dean, Humphrey School of Public Affairs

-Remarks: John Harrington, Commissioner, Minnesota Department of Public Safety

-Response: Matt Bostrom, former Sheriff, Ramsey County, and Booker Hodges, Assistant Commissioner, Minnesota Department of Public Safety

-Q&A with Speakers: Kate Cimino, Executive Director, Citizens League

-Closing: Jane Leonard, President, Growth & Justice

The event is free and open to the public.

To register, please click here.

The program will conclude at noon.

The Brandl Program is sponsored by the Center of the American Experiment, Citizens League, Growth & Justice, Humphrey School of Public Affairs and the Caux Round Table for Moral Capitalism.

Round Table on the Covenants. Wednesday, February 17th. Please join us!

Please join us at 9:00 am (CST) on Wednesday, February 17 via Zoom to discuss the Prophet Muhammad’s covenants with Christian communities and what it means for our time.

For no doubt very human reasons, these covenants have been rather thoroughly overlooked by both Muslims and Christians for centuries.

The good news is that we, today, are not bound by the practices of our predecessors. We can read the covenants for ourselves, assess their meaning and, if we choose, apply them in our time to relations between Christians and Muslims.

To register, please email Jed at jed@cauxroundtable.net.

Participation is limited to the first 25 people who sign-up.

The event will last about an hour and a half.