What does it profit a man to gain the whole world and lose his soul? Spoiler alert: Nothing. This bible verse has endured over the centuries as a reminder that we can't put our price tag on what matters most. Yet, time and again, businesses have put profits above all -- leading our world to the brink of a climate catastrophe, an inequality crisis, and the greatest extinction of other creatures since the dinosaurs (except this time, the meteor is us). Can we align growing returns with the greater good? Former investment banker turned business ethicist Dr. Dawn Carpenter believes we can -- and that figuring out how just might save the world. In What Does It Profit, Dawn talks with the world's leading thinkers and researchers, entrepreneurs and executives, exploring the most innovative ways we can reconcile capitalism's demand for profit with the long term well-being of people and the planet. From socially responsible investing to conscious consumerism to business ethics in this age of extremes, Dawn is your guide to the cutting-edge ideas and experiments driving the purpose-driven business revolution. What Does It Profit?
http://www.whatdoesitprofitpodcast.com
episode 5: Industrial Roots: Designing a Circular Economy and Creating Homespun Wealth
In this episode, Dr. Dawn takes us on a trip to find her roots in rural North Carolina. She is the granddaughter of an orphan who worked in the NC textile mills in the 1940s. Without much to go on, Dr. Dawn leans on insights from James Benton, author of Fraying Fabric, and Jimmy Warlick, historian and documentarian of the Workers’ Legacy Project to fill in the gaps.
Dr. Dawn gives us the context of the industrial past only to introduce us to the inspiring efforts of a new generation of North Carolinians. In this episode, we meet Material Return, a worker co-op that has created a profitable and sustainable way to deal with textile waste. We visit the factory and learn all about the concept of circularity.
Material Return is powered by the Industrial Commons, a nonprofit organization working to incubate and support co-ops like this in Morganton, North Carolina. These tireless entrepreneurs are using the lessons of the time-tested co-op ecosystems of Europe to imagine a way to develop working-class wealth right here at home.
Dr. Dawn leaves us with her reflection on the past and hopes for the future as she drives back north to the studio in Washington, DC. The first exit on the way is the Henry River Mill Village, the location where Hollywood filmmakers crafted the dystopian community featured in the Hunger Games. A warning. In the rearview– Morganton, an inspiration.
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Check out Project Repat to learn more about the cool things you can do with your old t-shirts while helping Material Return.
What Does It Profit is powered by the Solidary Economy Workshop at Georgetown University. Our host and executive producer is Dr. Dawn Carpenter. Our senior producer is Jordan Gass-Poore’, and our engineer and sound designer is Mark Bush. Music for WDIP was composed by Nick Pennington. Season 3 researchers and assistant producers are Sofia Chen, Hannah Woodford, Andy Feng, and JasperAI. Our intern is Abby Trepacz.