Stakeholder Capitalism

A Global Economy That Works for Progress, People and Planet

By: Klaus Schwab, Peter Vanham - contributor

Narrated by: Stephen R. Thorne

Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end.

The debate over the causes of the broken economy - laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason - is wide open. Stakeholder Capitalism argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Klaus Schwab looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope.

©2021 World Economic Forum (P)2021 Gildan Media

A good look into the concepts behind the great reset

It’s going to have one undesired consequence.

If you really want to improve the world, there is only one sure way to do it.

New way! Economics Bible!

This should be our economics Bible. Not that I'm very religious. I love the book

Best book I listened in a long time

I do strongly recommend this book for all business people as well as anybody who wants to drive the change for a better world!

Interesting

BUT… the economies are either controlled or not controlled. This system and the current system are no different other than the amount of people involved. But just because it involves more people doesn’t mean it’ll work (I’m skeptical). I’d be more interested to see a completely uninterrupted free market system(which I’ve never really seen). I can go on but that’s my review.

Fascinating and alarming in equal measure

Once ppl surrender freedom to go global, is there any going back? If we substitute individual nations with an international entity to rule over planet Earth, how will we replace leaders if they disappoint? Reader is left wondering whether
Schwab is a pragmatic idealist or an academic autocrat?

Futuristic!

Awesome! A better future is upon us, and it is well outlined in this work.

Propaganda

There are some very solid concepts in this book. However, Schwab conveniently gives the Chinese a pass, referring to them as “state capitalists” and ignoring the fact that their people are ruled by force. How the the communists score on human rights?

He also ignores the Constitution of the United States. In America people are guaranteed the right to life, liberty, and the pursuit of happiness. That includes experiencing the consequences of one’s own decision making.

Finally, tiny countries like Singapore and New Zealand have the luxury of not having to play a role in international politics or policing. The larger economies do. That is a complexity the authors chose to ignore.

Interesting read but….

Very interesting concept, makes total sense and is a good way going forward following already known countries
Only concern is the author need to be equally critical of unions as he has with corporations, unions are still a political arm and unionized worker do not get a single benefit from the union fees, laziness is promoted and defended, which destroys as much as monopolies and corruption.

I do not like stakeholder capitalism, but...

I do not like stakeholder capitalism, since I think it is kind of naive. For instance I think it puts more power on companies to affect our communities, while I prefer regulation from the government, since we can vote out regulators but not companies (her in Scandinavia I think the government is less influenced by the companies since bribe/lobbying is not allowed). This book gave a good steelman of stakeholder capitalism (maybe also a bit of a strawman of capitalism), I wanted a book that was more fair.

Interesting but same bs pushed by …

Elites trying to spin the narrative while seeking power. Worth listening to for free as was on audible.