The Comparison of New Confucianism and Conscious Capitalism

Conscious capitalism is a new concept gaining popularity in the western business world. New Confucianism is the adaptation of thousand years old Chinese philosophy used in modern business practice. After examining closely, the four principles of conscious capitalism, we found its recommendations coincide a lot with the ancient teaching of Confucianism. Thus, we conducted a detailed comparison between these two systems from three aspects: values, developing process, and practices. The conclusion is that the two systems overlap the most in their value propositions. There are differences in practices and methods of implementation. Nonetheless, both concepts have been proven successful in many case studies. It would be beneficial to modern society if the conversation on these two important concepts can continue.