Capitalism, Stakeholders, and "Corporate Social Responsibility"

1,932 views · Published 20 February 2018 · 30:22 · Indexed 8 November 2026

Channel: TomWoodsTV · 2018 · News & Politics

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According to stakeholder theory and the Corporate Social Responsibility movement, it's not enough for a corporation to create products that satisfy consumer preferences and please their stockholders. A much wider range of people, or "stakeholders," should also have a say in the firm's activities -- which should take into account not just the interests of shareholders, but also employees, the community, even society as a whole. Peter Klein joins me to assess and critique all this. Subscribe to the Tom Woods Show: https://itunes.apple.com/us/podcast/the-tom-woods-sho/id716825890?mt=2
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