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How do we define value? How has this changed over time? And who decides what is deemed valuable? For centuries, society has seen value mainly through an economic lens: one takes a job because of its monetary benefits; marriage is a financially beneficial relationship that enables stability; and the true test of a business is its profit at the end of the year. But is this changing? In recent years, factors such as climate change, social justice and the pandemic have forced us to reconsider how we define value. We are in the era of the Value Revolution.
In this episode, recorded on 5 July at Y TREE’s second live event in the Futureverse series, three experts discuss and debate some of the most pressing issues that have arisen as a result of this critical turning point: Will private equity transform the financial industry? Can capitalism really adapt so that things other than monetary value are considered important in business, including fairness and environmental impact? And are we finally seeing a growing awareness that value is not always quantified by a price tag? Some things, such as time, health, job satisfaction and the survival of our planet are surely worth more than a number in a bank account.
Simon Brewer, host of the award-winning Money Maze Podcast, gives us his thoughts on the dramatic shifts in the economy over the last few decades. Political economist and author Adrienne Buller argues that businesses that engage in sustainability initiatives and ‘green capitalism’ are harming rather than helping the planet. And Lucy Kellaway, former FT columnist, now charity founder, author and maths and economics teacher, offers a fresh way to decide what to prioritise in our personal and professional lives. Expertly hosted by broadcaster Jon Sopel, this is a conversation that is guaranteed to change the way you think about value and worth.