Stakeholder Capitalism … Can capitalism be made to work for all of us … and to improve rather than destroy the state of the planet?
January 20, 2022
Can capitalism be made to work for all of us – and to improve rather than destroy the state of the planet?
Stakeholder capitalism proposes that corporations should serve the interests of all their stakeholders, and not just shareholders. Stakeholders can include investors, owners, employees, vendors, customers, and the general public at large. The focus is on long-term value creation, not merely enhancing shareholder value.
In this set of 5 discussions, the World Economic Forum bring together experts, hosted by Peter Vanham and Natalie Pierce, to dive into some of the main problems with global capitalism and ask expert guests if there are better ways of doing things – from the way we measure economic success, to addressing crippling inequalities and climate catastrophe.
Beyond GDP: Measuring What Matters
The whole world looks at gross domestic product to gauge economic success. It’s a simple, single number that makes comparisons over time and between countries easy. But it does not reflect people’s incomes and fails to include anything that does not have an easily calculated monetary value, such as the natural environment. How can we measure our economies in a way that does not encourage environmental destruction, that gives a better indication to how real people are doing, and perhaps even looks beyond monetary wealth to include things such as personal well-being and even happiness? This episode of Stakeholder Capitalism asks, how can we go beyond GDP?
How Trade Unions Lift Worker Wages
The decline of incomes for the bottom 50% of Americans has coincided with a fall in union membership. This episode looks at how those two facts might be linked and looks to Denmark where union representation is welcomed by employers.
Planet vs. Profit: Can Growth be Green?
While the value of big tech companies has soared, what problems has that created? A lack of market competition and the impact that has on economies; data protection concerns; falling public trust. Is big tech too big, and what should be done?
Tech for Good: Promise & Peril
While the value of big tech companies has soared, what problems has that created? A lack of market competition and the impact that has on economies; data protection concerns; falling public trust. Is big tech too big, and what should be done?
Stakeholder Capitalism at Work
How can the idea of ‘stakeholder capitalism’ work in the real world?
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