ELI5: Explain Like I'm 5

Inclusive capitalism

Inclusive capitalism is a way of doing business and making money that focuses on making sure that everyone is included and has a fair chance to share in the benefits. It means that companies not only try to make money for themselves and their shareholders, but also aim to help their employees, customers, communities, and the environment.

For example, if a candy store used inclusive capitalism, it would pay its workers a fair wage so that they could afford to live comfortably. It would also make sure that the candy it sells is healthy and safe for people to eat. The store would also try to reduce its environmental impact by not using too much packaging and recycling what it can.

Inclusive capitalism can help to reduce poverty and inequality, and create a more sustainable and resilient economy that benefits everyone. It can also make businesses more successful in the long term by building loyal customers, attracting talented employees and investors, and avoiding reputational risks.

So, inclusive capitalism means that companies try to make money in a way that is fair, sustainable, and inclusive for all people and the planet. It is a better way to do business that benefits everyone.