Building a new social contract

There’s a growing public sense that the current model of the social contract is broken, due in large part to rising inequality and the pursuit of profit over social progress. The “social contract” defines the relationship between citizens, their government and business. Its modern form emerged after WWII and, in western democracies, was largely structured around the principles of the welfare state. It’s about equity, order and trust. So, does the essence of the social contract still have value? And if so, how can it make fit for purpose in the 21st century?