In a speech to business leaders in London, the Prince said that a “fundamental transformation of global capitalism” was necessary in order to halt “dangerously accelerating climate change” that would “bring us to our own destruction”.
He called for companies to focus on “approaches that achieve lasting and meaningful returns” by protecting the environment, improving their employment practices and helping the vulnerable to develop a new "inclusive capitalism".
In a politically-charged speech at the Inclusive Capitalism conference, the Prince said: “I remember when the Iron Curtain came down there was a certain amount of shouting about the triumph of capitalism over communism. Being somewhat contrary, I didn't think it was quite as simple as that. I felt that unless the business world considered the social, community and environmental dimensions, we might end up coming full circle.”
He called on businesses to focus on the long-term and make “an authentic moral commitment to acting as true custodians of the Earth and architects of the well-being of current and future generations”.
Prince Charles: reform capitalism to save the planet - Telegraph (external - login to view)