Capitalism, Stakeholders, and “Corporate Social Responsibility”

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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/t… http://www.TomWoods.com/1098 https://www.organizationsandmarkets.com http://www.SupportingListeners.com http://www.RonPaulHomeschool.com http://www.FreeHistoryCourse.com http://www.TomsFreeBooks.com