Ken-costa
Ken Costa
Colin mayer web
Colin Mayer
Mary-hockaday
Mary Hockaday

Can Capitalism Fix the World?

Ken Costa and Colin Mayer chaired Mary Hockaday

Monday, 18 March 2024

4:00pm

1 hour

Oxford Martin School: Lecture Theatre

£8 - £15

Investment banker and philanthropist Professor Ken Costa and business expert Professor Colin Mayer look at the future of capitalism. How will a younger generation with a different perspective on capitalism and the planet use the vast wealth it is about to inherit? And how can we change the way businesses operate so they solve the world’s problems rather than cause them.

Costa is chairman of Helios Fairfax, the largest private equity group in Africa, and creator of Tick Tock Club for Great Ormond Street Hospital, which has raised £50m for the hospital. In The 100 Trillion Dollar Wealth Transfer: How the Handover from Boomers to Gen Z Will Revolutionize Capitalism, he argues that the impending transfer of wealth from the ‘baby boomers’ to the young generation will be a seismic event. He argues that Generation Z and the Millennials will inherit financial and political power to banish the past and create a future they want. However, he says the younger and older generations will need to work together to ensure we create a socially energised capitalism and do not repeat past mistakes.

Mayer is visiting professor and emeritus professor of management studies at the Blavatnik School of Government and the Said Business School at the University of Oxford. In Capitalism and Crises: How to Fix Them, he argues that we have failed to understand the key institutions at the heart of capitalism, businesses. He says the problem is that the key driver of capitalism is profit and the way those who run the system are resourced and rewarded. And he outlines what needs to change if we are to tackle the challenges of the 21st century and flourish and thrive.

Discussions are chaired by Mary Hockaday, master of Trinity Hall, Cambridge, a former controller of BBC World Service, a former head of the BBC newsroom, and a one-time foreign correspondent for the BBC and The Independent.

Event supported by

The Telegraph Festival media partner University of Oxford Netflix European Union Supported by the Delegation of the European Union to the UK Cultural Relations Platform Supporter of the festival's Voices of Europe programme BBC World Service International radio partner Owen Mumford Supporter of programme of science and medicine and annual science and innovation award Bodleian Libraries Festival cultural partner Oxford Martin School Festival ideas partner Oxford Mathematics Spanish Embassy The Spanish Embassy: supporters of the programme of Spanish literature and culture Cervantes Institute, London The Cervantes Institute, London Italian Embassy The Italian Embassy: supporter of the programme of Italian literature and culture The Dorchester Hotels Collection Festival London hotel partner International Literary Properties Festival literary heritage partner Blackwell’s Festival on-site and online bookseller The Randolph Hotel by Graduate Hotels Festival hotel Old Bank Hotel Five-star hotel partners of The Oxford Collection Old Parsonage Hotel Five-star hotel partners of The Oxford Collection Jim Mellon John Roberts Lady Hatch Patron donor for the programme of Irish literature and culture Tim and Marion Stevenson Martin and Elise Becket Smith Miles Young Masumi and Jonathan Dobson Pank Koria CEO of Project People Carole and John Allen David Isaac Mary and Cecil Quillen Supporters of the programme of American literature and culture Anna Hunter Rhys and Kerry Phillip Exeter College Exeter College: college home of the festival. Founded 1314 New College New College founded 1379 Worcester College Worcester College founded 1714 Lincoln College Lincoln College founded 1427 St Cross College St Cross College founded 1965 Trinity College Trinity College founded 1555 Magdalen College Magdalen College founded 1458 Critchleys Accountants to the festival Pasture to Plate Compassion in World Farming Human Ecology Project MACROVegan Symington Wines of the Douro Valley Princeton University Press Prestige publishing partner. Celebrating 25 years in Europe in 2024 European Bank for Reconstruction and Development Sponsor of the EBRD Literature Prize since 2018 ROOMS Georgia's leading lifestyle hotel brand since 2012. Supporters of the programme of Georgian literature and culture Jewish Book Week Partner of Oxford Literary Festival Foodbuy Thje Menu Partners Institute of Hospitality Goldmoney Properties Project People Oxford Brookes University Oxford International Centre for Publishing Confucius Institute Pusey House British Academy Festival academic partner Oxford Centre for Hebrew and Jewish Studies Oxford United Football Club Racalia Olive Oil Olive oil from Sicily BBC Radio Oxford Local radio partner Bear Ram Elk Festival Digital Strategy & Web Design Paul Bloomfield Ltd University of Oxford Alumni Office Alumni Office Oxford Centre for Islamic Studies Conference Oxford Felicity Bryan Associates CAV Oxford The Sheldonian Theatre Oxford University Images Oxford University Images Oxford University Department for Continuing Education Oxford Georgian Translation Project Supporter of the programme of Georgian literature and culture Force4Good Consultancy Corporate communications OX magazine Ox in a Box K T Bruce Photography K T Bruce Photography The Litmus Partnership Schoolreaders Windrush Group James Currey Society

The Oxford Literary Festival sponsors, donors & partners

The Telegraph Festival media partner University of Oxford Netflix European Union Supported by the Delegation of the European Union to the UK Cultural Relations Platform Supporter of the festival's Voices of Europe programme BBC World Service International radio partner Owen Mumford Supporter of programme of science and medicine and annual science and innovation award Bodleian Libraries Festival cultural partner Oxford Martin School Festival ideas partner Oxford Mathematics Spanish Embassy The Spanish Embassy: supporters of the programme of Spanish literature and culture Cervantes Institute, London The Cervantes Institute, London Italian Embassy The Italian Embassy: supporter of the programme of Italian literature and culture The Dorchester Hotels Collection Festival London hotel partner International Literary Properties Festival literary heritage partner Blackwell’s Festival on-site and online bookseller The Randolph Hotel by Graduate Hotels Festival hotel Old Bank Hotel Five-star hotel partners of The Oxford Collection Old Parsonage Hotel Five-star hotel partners of The Oxford Collection Jim Mellon John Roberts Lady Hatch Patron donor for the programme of Irish literature and culture Tim and Marion Stevenson Martin and Elise Becket Smith Miles Young Masumi and Jonathan Dobson Pank Koria CEO of Project People Carole and John Allen David Isaac Mary and Cecil Quillen Supporters of the programme of American literature and culture Anna Hunter Rhys and Kerry Phillip Exeter College Exeter College: college home of the festival. Founded 1314 New College New College founded 1379 Worcester College Worcester College founded 1714 Lincoln College Lincoln College founded 1427 St Cross College St Cross College founded 1965 Trinity College Trinity College founded 1555 Magdalen College Magdalen College founded 1458 Critchleys Accountants to the festival Pasture to Plate Compassion in World Farming Human Ecology Project MACROVegan Symington Wines of the Douro Valley Princeton University Press Prestige publishing partner. Celebrating 25 years in Europe in 2024 European Bank for Reconstruction and Development Sponsor of the EBRD Literature Prize since 2018 ROOMS Georgia's leading lifestyle hotel brand since 2012. Supporters of the programme of Georgian literature and culture Jewish Book Week Partner of Oxford Literary Festival Foodbuy Thje Menu Partners Institute of Hospitality Goldmoney Properties Project People Oxford Brookes University Oxford International Centre for Publishing Confucius Institute Pusey House British Academy Festival academic partner Oxford Centre for Hebrew and Jewish Studies Oxford United Football Club Racalia Olive Oil Olive oil from Sicily BBC Radio Oxford Local radio partner Bear Ram Elk Festival Digital Strategy & Web Design Paul Bloomfield Ltd University of Oxford Alumni Office Alumni Office Oxford Centre for Islamic Studies Conference Oxford Felicity Bryan Associates CAV Oxford The Sheldonian Theatre Oxford University Images Oxford University Images Oxford University Department for Continuing Education Oxford Georgian Translation Project Supporter of the programme of Georgian literature and culture Force4Good Consultancy Corporate communications OX magazine Ox in a Box K T Bruce Photography K T Bruce Photography The Litmus Partnership Schoolreaders Windrush Group James Currey Society