The head of the nation’s largest retailer recently sat down with TIME‘s Eben Shapiro to talk about how the Wuhan coronavirus (COVID-19) has affected his business. And during the conversation, the suggestion was made that it is long past time to “reinvent capitalism.”
According to Doug McMillon, CEO of Walmart, the “right thing to do” is to press onward towards what many are calling the Great Reset, or the New World Order, because it will make businesses like Walmart “stronger” while “doing good for our world.”
“We simply won’t be here if we don’t take care of the very things that allow us to exist: our associates, customers, suppliers, and the plant,” McMillon explained. “That’s not up for debate.”
McMillon believes that the old ways of doing business under shareholder or state capitalism are outdated and need to be replaced with stakeholder capitalism, which is outlined in another TIME article.
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