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Doing Good: How Ethical Capitalism Can Save Liberal Democracy

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Doing Good is a bold call for a new social contract in a world buckling under the weight of multiple crises – geopolitical tension, ecological collapse, technological disruption, growing inequality, and the slow erosion of liberal democracy. The promises of modernity, once rooted in the convergence of technoscientific progress and liberal capitalism, have failed to deliver widespread peace and prosperity. Instead, we face an uncertain future that demands radical rethinking.

Markus Gabriel offers a daring yet pragmatic vision: a New Enlightenment that fuses ethical insight with market forces. We don't need to abandon capitalism, but we need a revolution within capitalism itself: ethical capitalism. This is a form of capitalism that does not merely accommodate morality but thrives on it – generating profit by doing good.

Rejecting the temptation to vilify capitalism, Gabriel reframes it as a system ripe for moral evolution. Doing business is not exempt from ethical responsibility. Ethical business is not only more just: it is economically smarter too. Businesses that solve real problems, respect planetary boundaries, and promote human flourishing are better positioned for long-term success than those that pursue short-term gain through exploitation or extraction.

Ethical capitalism is not a utopian fantasy: it is a realistic, actionable path that rejects authoritarian alternatives while advancing a richer conception of freedom. Gabriel thus opens the way to a new eco-social liberalism, one grounded in what we actually know about ourselves as prosocial, value-producing animals. Doing Good is both a warning and a manifesto for those determined to steer humanity toward a future worth inheriting.

Author: Gabriel Markus
Publisher: POLITY PRESS
Pages: 240
ISBN: 9781509572113
Cover: Hardback
Edition Number: 1
Release Year: 2026

Introduction

The definitions of ethics, capitalism, and society
Nested Crises — The Complexity of the Present Moment

Part I: Ethical Capitalism
Economics in Crises
Recoupling Moral and Economic Value—The Road to a New Enlightenment
The Human Animal—The Primacy of Cooperation
Moral Progress and Sustainability
P.S.: 'Capitalism' as Reification

Part II: Applications
The CPO and the Ethics Department
Let Children Vote!
The Metaphysical Pandemic—Governing our Desire
Next Generation Ethics of AI

Conclusion
Acknowledgements
Endnotes

Markus Gabriel holds the chair for Epistemology, Modern and Contemporary Philosophy at the University of Bonn and is also the Director of the International Center for Philosophy in Bonn.

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