Amidst the COVID-19 pandemic and in lockdown in northern Italy, I took a moment to reflect on the teachings I have been imparting to my MBA and executive students for many years. The current global situation, marked by inequalities, the dominance of a few major platforms, ineffective economic policies, depletion of natural resources, social unrest, and the economic devastation caused by the pandemic, led me to question the effectiveness of our economic system. It seemed clear to me that the existing framework was broken and no longer serving its intended purpose.
As a business school professor, I felt compelled to explore how educators like myself could address these issues and contribute to creating a more sustainable and equitable economic system. It became apparent that our economic system had become entrenched, allowing a few well-informed actors, such as the Big Tech companies and their platforms, to exploit the system for their benefit at the expense of others. This exploitation had severe repercussions for both the well-being of individuals and the planet as a whole.
The current global situation has exposed flaws in our existing economic frameworks that were previously hidden behind political stability and technological advancements. As educators, it is our responsibility to equip future generations with knowledge about how to navigate these challenges and create solutions that benefit everyone. We must challenge traditional thinking about economics and embrace new approaches that prioritize sustainability and social justice.
One way we can do this is by promoting interdisciplinary studies that bring together experts from various fields such as economics, environmental science, sociology, philosophy, and political science. By examining problems through multiple lenses, we can identify complex solutions that address both short-term needs and long-term goals.
Another approach is by encouraging students to think critically about their role in shaping society. We need future leaders who are not only technically competent but also socially responsible. They should be trained to understand how their decisions impact different communities and strive for positive outcomes.
In conclusion, as we navigate through this pandemic crisis, it is essential that we reevaluate our existing economic systems. As educators, we have an opportunity to influence future generations’ perspectives on economics and promote sustainable practices that prioritize social justice. By doing so
