Ep. 1098 Capitalism, Stakeholders, and "Corporate Social Responsibility" - a podcast by Tom Woods
from 2018-02-21T00:24:40
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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.
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