Stakeholder Capitalism, Klaus Schwab
Stakeholder Capitalism, Klaus Schwab
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Stakeholder Capitalism
A Global Economy that Works for Progress, People and Planet

Author: Klaus Schwab, Peter Vanham

Narrator: Stephen R. Thorne

Unabridged: 10 hr 54 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 03/30/2021


Synopsis

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.

Reviews

Goodreads review by Otto

Stakeholder Capitalism argues that the only way to solve society's most burning questions, such as climate change, inequality, and political polarization, is to move away from Milton Friedman's model of narrowly profit-maximizing corporate ethics towards a model of socially and economically consciou......more

I wanted to love this book so badly. But I expected something else. The history of our current neoliberal economic model is comprehensive and also easy to read with full of stories. I lack a more thorough comparison of the shareholder and the state capitalism. I fully lack the practical advices that......more

Goodreads review by Daniel

The first two-thirds of this book felt like filler: superficial overviews of very important topics (income inequality, climate change, and the limitations of shareholder capitalism) that I have seen much better explained in other books. Schwab finally hits his stride in the last third of the book, w......more

Goodreads review by Andy

We as a human society have gone down the wrong path for the past half century, adopting neoliberal ideals that have increased inequality and destroyed the natural world. We can address these issues by adopting stakeholder capitalism, a system where: "the interests of all stakeholders in the economy a......more