Running a business is tough and there will always be problems in the market.  Make the case to a skeptical colleague as to why private sector managers should devote attention and energy to being a steward of the institutions of capitalism. Please include citations for Jonathan Haidt.


Answer: To steward means to take care of, to guide, and it implies a sense of responsibility. I agree with 
the notion that, in addition to stories about capitalism prevailing as either an extractor or savior, a third story can be written of “prosperity with problems” in which participants are grateful for 
accomplishments yet pursuing improvements (Haidt, J.) Putting that together, then, who is responsible for writing this story? I believe that answer to be business leaders themselves -- or else be beholden to government regulation to steward the institution in the direction that benefits not just owners and shareholders, but all stakeholders including employees and the environment.

But why should business leaders steward the market? Private managers hold a moral obligation to 
those relying on capitalism for work and health insurance to create sustainable jobs. As individuals count on business leaders to respond to our world’s most prevalent issues, business leaders also hold a social obligation to do so with care. This response also assigns the appropriate accountability to 
whomever is responsible for perpetuating a system – if business leaders want to reap the rewards of 
profit, they must assume responsibility for the very conditions which benefit them.

As alluded to above, private interests sometimes conflict horribly with what society and individuals need, so government regulators must be 
stewards alongside business leaders. Additionally, business leaders can take a step away from their day-to-day and learn from those who have dedicated their lives to research.