Category: News

Our world is facing a questioning of values.

From questioning capitalism and democracy, to a growth of acceptance of autocracy, we are in a period of challenge to the theories which have developed our world.

We seek clarity of thought and a pathway for a moral future.

Steve Young’s book, Moral Capitalism, has been translated into Russian by Professor Yury Blagov of the Graduate School of Management, St. Petersburg University.

His book responds to an international need at the moment of greatest challenge, not simply in Russia, but across the world.

Reflecting the Caux Round Table’s Principles for Business, it becomes a blueprint for Russia and the world of a capitalism which, when properly structured, remains the only system capable of reducing global poverty and tyranny and addressing the hopes and needs of transforming geopolitics and economics.

We have witnessed how capitalism was misunderstood and misused into becoming “brute capitalism.”

We now witness how societies and nations are fragmenting, rather than focusing upon the common issues which unite humanity.

We have the opportunity to build a new moral capitalism which reflects the required social change, progress and economic stability which our world seeks.

We have the opportunity, with the ideas presented by Steve Young.

We must take advantage of this opportunity in the current divided world.

The Caux Round Table can lead the discussion and implementation of this renewal.  I hope you will provide leadership for that discussion.

Here’s the June issue of Pegasus.

In this edition, we include two articles.

The first, from Michael Hartoonian, explores a new meaning of civilization. This takes on added pertinence with the recent political assassinations and attempted assassinations here in Minnesota.

Secondly, we republish a piece (with an author’s update) by our fellow, Michael Wright, on how AI threatens to increase knowledge inequality.

As always, I would be most interested in your thoughts and feedback.

Here’s the May issue of Pegasus.

This edition carries two essays on seemingly separate themes.  One focuses on leadership and the other on the roles of a citizen.

In the first essay, “On Failure of Leadership,” I survey the world and find much of it wanting as it relates to leadership.

Michael Hartoonian then weighs in with his essay, “There is No Prosthetic for an Amputated Soul.”  It contains several great observations, primarily in the context of being a citizen vs. being a subject.

As usual, I would be most interested in your thoughts and feedback.

We recently posted a couple more short videos on relevant and timely topics.  They include:

–Tariffs and the Wealth of Nations

–Who Determines Price?

–Are Things All Good or All Bad?

The first one is a little longer than usual, but well worth your time.

All our videos can be found on our YouTube page here.  We recently put them into 9 playlists, which you can find here.

If you aren’t following us on Twitter or haven’t liked us on Facebook, please do so.  We update both platforms frequently.

Here’s the April issue of Pegasus.

In this edition, we include 2 articles.

First, I argue that instead of diversity, equity and inclusion (DEI) to fight current and past injustice and discrimination, friendship would be a better way forward.  I lean into the concept, as articulated by Aristotle and Cicero, as an alternate path.

Secondly, Michael Hartoonian continues his investigation into a global ethic through three central questions that address justice by way of trust, wisdom and enlightenment, all being necessary standards for living a life of meaning.

I would be most interested in your thoughts and feedback.

We had made arrangements with the Center for Professional Ethics at Marymount University in Arlington, Virginia, to convene this coming October the 2025 Global Dialogue, sponsored by the Caux Round Table and Convention of Independent Financial Advisors.

We have been officially notified that given financial exigencies, the university has reluctantly decided to “pause” the activities of the center.  Thus, the center will no longer sponsor the Global Dialogue.

An alternate venue, close to the White House in Washington, D.C., is available so that we are confident that the Global Dialogue can take place as scheduled.

The recent decision of President Donald Trump to impose significant tariffs on America’s trading partners, the abandonment of a ceasefire in Gaza and the demands of President Putin as his terms for ending the war in Ukraine, all give importance to our proposed Global Dialogue agenda of looking under the surface of new trends and emerging balances of power in world affairs.

We will confirm arrangements and send you a formal invitation to register and attend the Global Dialogue October 17, 18 and 19 shortly.

Here’s the March issue of Pegasus.

Food and its relationship to health is the focus of this edition.

In our first article, I ask “are food and healthcare only public goods?”

Next, Devry Boughner Vorwerk, a member of our board and former chief communications officer for Cargill, explores whether Big Food has a moral obligation to fix consumers’ unhealthy diets.

Lastly, Michael Hartoonian has a piece on food and moral sentiments.

As usual, I would be most interested in your thoughts and feedback.

Here’s the February issue of Pegasus.

First, I make some predictions about the year ahead using the Yijing.  I did the same for 2024, which proved quite accurate.

Secondly, Michael Hartoonian pens an essay focused on place and design.  Indirectly, Michael’s essay addresses the challenges of entrenched naysayers raised in my forecast.

Lastly, in a time of strife and global fragmentation, we republish a document that came together not long after the global economic crisis of 2008-09: “Repairing our Stewardship of Creation: Abrahamic Social Thought and the Global Economic Crisis.”  It was the result of the bringing together of scholars from the three main Abrahamic faiths to provide guidance on how to respond.  The statement includes four major points and a substantial discourse on each item.

I would be most interested in your thoughts and feedback.

By the way, if you’ve missed any previous issues, you can find them all in the archive here.

The Caux Round Table 2025 Global Dialogue, in partnership with the Convention of Independent Financial Advisors and Center for Professional Ethics at Marymount University, is postponed until October.

The later date will better accommodate a number of potential speakers and interested participants.

Shortly, we will send you an invitation with the new dates and proposed agenda, along with relevant information on registration and accommodations.