Capitalism Reconnected
Capitalism Reconnected
Toward a Sustainable, Inclusive and Innovative Market Economy in Europe
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Table of Contents
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Part I Europe’s Present Condition: A Diagnosis
CHAPTER 1 Introduction: From the Challenge of 2015 to the Shock of 2022
CHAPTER 2 Europe’s 250-Year Project…
CHAPTER 3 Triumphant Capitalism: Bold Assumptions of an Overconfident Age
CHAPTER 4 Europe’s Confusion and Reorientation
Part II Europe’s Mission: Developing Responsible Capitalism
CHAPTER 5 The First Pillar of Renewal: Europe’s Ideals
CHAPTER 6 The Second Pillar of Renewal: Inspiration from Revaluing Europe’s Story
CHAPTER 7 The Third Pillar of Renewal: Ideas about Economics
CHAPTER 8 The Fourth Pillar of Renewal: Indicators and the New Art of Measurement
CHAPTER 9 The Fifth Pillar of Renewal: Institutions and the Multiactor Approach
CHAPTER 10 The Flying Wheel of Responsible Innovation (A): the ‘Makers’ of a New Economy (Business, Finance, Consumers)
CHAPTER 11 The Flying Wheel of Responsible Innovation (B): the ‘Embedders’ of a New Economy (Government, Nature, Community, Civil Society)
CHAPTER 12 The Flying Wheel of Responsible Innovation (C): the ‘Critical Innovators’ of a New Economy (Media, Research and Education, Imaginative Reflection)
Part III Europe’s New Position: Global Player for the Common Good
CHAPTER 13 A New World Order is Emerging
CHAPTER 14 Europe’s Contribution in Tomorrow’s World
CHAPTER 15 In Conclusion: Challenges and Recommendations for a Rejuvenated Europe
EPILOGUE: Towards an Economics of Hope

Reviews and Features

“We are in a race against time to transition to a net-zero and sustainable economy. This is a must read for anyone seeking to learn more on how Europe can help set the world on a new development pathway to make us more resilient to future shocks.”
Ban Ki-moon, 8th Secretary-General of the United Nations

“Reconnect convincingly explains how we should focus on the things that matter and apply cooperative leadership to attack todays biggest challenges. We would all be so much the better for it.“
Paul Polman, Former CEO Unilever Author of Net Positive. How Courageous Companies Thrive by Giving More Than They Take

As we move into a multipolar world in the 21st century, Europe’s role will be critical. Sadly, in many ways, Europe has lost its way. This volume by Balkenende and Buijs is timely as it provides a deep analysis of Europe’s challenges and prescribes many thoughtful solutions. It’s a must read for all friends of Europe around the world.
Kishore Mahbubani - Former UN Permanent Representative of Singapore; Distinguished Fellow at the Asia Research Institute of NUS.

The road to sustainability is a shared assignment, for citizens, civil society, businesses, national and European authorities. Cooperation is a value in itself. A renewed economy requires a renewed society. A book full of ideas, values, and especially hope, which we badly need.
Herman van Rompuy, President Emeritus European Council, Minister of State Belgium

Jan Peter Balkenende, Govert Buijs

Capitalism Reconnected

Toward a Sustainable, Inclusive and Innovative Market Economy in Europe

Capitalism has gone astray. Today we face ecological exhaustion, persistent inequality, financialization, stress on communities, short-termism, and new power concentrations.
An avalanche of new economic thinking and a reorientation of European values show the way toward a different economy. A new perspective is necessary if we want to implement the Sustainable Development Goals and if we consider our planet as ‘Our Common Home,’ for present and future generations.
This book argues that European economies should be the initiators of a global transition toward a sustainable and inclusive world economy. Together, amid severe geopolitical and geoeconomic challenges, they need to develop their own perspective on what a good economy really is, in distinction to Chinese state capitalism and American big business capitalism. Crucially, this requires the rediscovery of key European values, a coherent view on responsible capitalism, and a new self-awareness as a global player for the Common Good in today’s and tomorrow’s world.

Jan Peter Balkenende

Jan Peter Balkenende is Minister of State and was from 2002 to 2010 Prime Minister of the Kingdom of the Netherlands. He is now External Senior Advisor to EY and involved in Corporate Responsibility, Chair of the Dutch Sustainable Growth Coalition, and of the Noaber Foundation, Associate Partner at Hague Corporate Affairs, Member of the Club de Madrid, and Professor Emeritus at Erasmus University Rotterdam.

Govert Buijs

Govert Buijs is a political philosopher and currently holds the Goldschmeding research chair ‘Societal and Economic Renewal’ at the Faculty of Humanities of the Vrije Universiteit Amsterdam. He recently supervised an interdisciplinary Templeton Research project on Markets and Morality, a collaboration between the universities of Amsterdam-VU, Rotterdam, Nijmegen, and Tilburg.