A new dawn for economic design: reimagining capitalism through the lens of justice and inclusion. Unsplash

In Isaac Asimov’s groundbreaking collection of short stories titled I, Robot, we encounter a profound ethical framework: the Three Laws of Robotics. These laws ensure robots protect human beings and obey orders while preserving themselves. They represent a brilliant moral compass designed to prevent harm and maximize good. But what if we applied a similar moral framework to our economic systems? What if we demanded that capitalism, like Asimov’s robots, be programmed to serve humanity rather than exploit it?

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Recalibrating Our Moral Compass with Eyes Wide Open

Philosopher John Rawls introduced a provocative thought experiment called the “Veil of Ignorance” that can help us better understand the moral questions Asimov provokes. Imagine leaving this world temporarily, only to return without knowing your societal position. You might return as a corporate executive or a minimum-wage worker, as a man or a woman, as White or Black. Behind this veil of not knowing, what kind of economic system would you design?

Would you not advocate for protections for labor that are at least as strong as the protections for........

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