Chinese Economics Thread
- Thread starter Norfolk
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Lol so the new term is stakeholder capitalism the same as the old term capitalism but with ESG flavor to it?
btw wtf is this so called "stakeholder capitalism"? I head this term being throwing around lately for some reason and particularly by VOX reporter johnny harris who made a video shilling for it and being sponsored by the world economic forum which he is trying to hide, titled under "How china became so powerful". He has been called out massively in his own comment section and also by multiple youtubers. I still don't get what that term actually means or how is it bad, but i did became aware the ill nature of this WEF organisation.
Stakeholder capitalism is a system in which corporations are oriented to serve the interests of all their stakeholders. Among the key stakeholders are customers, suppliers, employees, shareholders and local communities. Under this system, a company's purpose is to create long-term value and not to maximize profits and enhance at the cost of other stakeholder groups
tldr: everyone who has a “stake”, like stocks, jobs, and etc, in a corporation has to be able to profit from how the said corporation runs and profits.
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Nah Comrade Chang will also be getting richer since more and more insane and paranoid right wingers will buy his books and watch his interviews.
Equation
Lieutenant General
There's only so such borrow Chinese money that a right winger can spend to support Gordon Chang.
@LawLeadsToPeace Do you personally support stakeholder capitalism?