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18 Sep 2021 20:58:49 UTC
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Capitalism, Stakeholders, and "Corporate Social Responsibility"
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. Subscribe to the Tom Woods Show: https://itunes.apple.com/us/podcast/the-tom-woods-sho/id716825890?mt=2
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https://www.organizationsandmarkets.com
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https://www.youtube.com/watch?v=Lv2S20v_Pls
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