Corporations in the United States were originally formed for the purpose of enabling activities that would improve societal standards of living. This included providing public services, developing infrastructure, creating jobs, and cultivating lasting business-consumer relationships.
But in the 1970s, economist Milton Friedman came up with a new economic agenda, stating that the sole goal of business was to maximize corporate profits regardless of social and environmental costs.
Since adopting this mindset, we have created a world where less than 5% of us (the United States) consume almost 30% of the planet’s resources, while half of the world is on the verge of starving, or actually dying of starvation. This is not a model. It cannot be replicated by China, Russia or any other country, no matter how hard they try.
While it may appear in numbers that we have succeeded in increasing corporate profits, profit is only real and lasting when it has a reciprocal relationship with its environment. Evidence such as climate change and a diminishing middle class—all largely produced by poor business practices—have created a questionable future for generations to come. Because people and the planet cannot sustain these practices, businesses that perform such activities can neither thrive nor sustain themselves long-term.
The time has come to recognize the role corporations have played in these outcomes—and the power the business community has to turn things around.
The Love Summit explores why the “more for you is less for me” mentality is obsolete, and why profiting at the cost of other people and the planet’s wellbeing is not sustainable long-term. Instead, by making all business decisions for the benefit of society and the environment, we can create sustainable enterprises with a much more rewarding bottom line—#BottomLineLove.
Love Summit 2017 Cincinnati, OH
The 2nd Love Summit took place on October 12th-13th in Cincinnati, Ohio at LPK headquarters—the largest employee-owned brand design agency in the world. The conference was comprised of game-changing TED-style talks and workshops by some of the most pioneering business and thought leaders of our time. To RSVP for Love Summit Chicago 2018, click here.
Love Summit 2015 Portland, OR
The 1st Love Summit premiered on June 13th, 2015 at Wieden+Kennedy headquarters in Portland, Oregon—one of the largest independently advertising agencies in the world best known for creating Nike's "Just Do It" campaign.
Speakers included Dan Wieden (Wieden+Kennedy co-founder and creator of the slogan “Just Do It”), Mayor Charlie Hales of Portland, Oregon, Dan Price (CEO of the world-renowned company, Gravity Payments), Freddy Ehlers (Minister of Wellbeing for the Government of Ecuador), and over a dozen more trailblazing business, government and thought leaders.