The New Discourses Podcast with James Lindsay, Episode 136
Stakeholder Capitalism is a scam. Though not particularly well-known outside of certain business circles, it is the model associated with Klaus Schwab and the World Economic Forum. Its basic form is this: the purpose of the company itself has to change, not to serve customers and generate profit for shareholders but instead to “serve all stakeholders.” Its mechanism is also unsurprising: ESG, Environmental, Social, and Governance scoring metrics for corporations. Unsurprisingly, its implementation is shockingly corrupt and filled with Marxist distortions. In this episode of the New Discourses Podcast, host James Lindsay goes through a short September 2020 Harvard Law School Forum on Corporate Governance document about corporate incentives packages for ESG and the stakeholder model together with and a crucial portion of Klaus Schwab’s 2022 book, The Great Narrative for a Better Future, to make clear just how corrupt and dangerous the ESG agenda and stakeholder capitalism truly are. Join him to see for yourself.
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6 comments
Distributism and Subsidiarity have meanings different from how you are using them here.
If you haven’t read Belloc and Chesterton you might want to start here:
https://distributistreview.com/archive/an-introduction-to-distributism?format=amp
Has anyone else ever noticed that Klawz “Anal” Schwab’s certifiably insane prag-boi, Noah You’all Harakiri, looks and sounds exactly like Bugs Bunny’s cartoon nemesis, Marvin the Martian? Identical pencil neck, peevish nerd voice and scrawny reptilian body. Perhaps both were spawned from the same fibrous husk. Klaw-Klaw and Harakiri are like characters from the 1965 low budget shlockarama horror movie “Die, Monster! Die!”. If only they would.