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Stakeholder Capitalism

By: Klaus Schwab, Peter Vanham - contributor
Narrated by: Stephen R. Thorne
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Summary

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
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Who knew!

I have been totally blown away by this book. It’s so different to what I thought it would be. 100% optimistic thoughtful and comprehensive reimagining of the way the world works.

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A carefully laid out manifesto for change

A really credible and insightful challenge of standard business norms and practices and a look at what a future could and should look like when senior leadership values humanity as much as their profits.

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interesting and easily digestible

Interesting concept and ideas looking forward to the future of economics, policies and frame works that help society in large instead of the ones on the top. I'm no economist by no means and know little about the topic and even tho some concepts were a bit harder to grip, over all the writer made sure it is easily digestible for everyone. And they raised issues and solutions for topics such as climate change and the relation with GDP and how can we move forward and progress cleanly and fairly both socially and environmentally. And a lot more.

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very noble

Prof has very noble views, however greed will certainly get into any human based system that we dream up that will erode the noble intentions we have and possibly create further unfathomed divisions in our societies.
Maybe we need to start at realising that we are here for a short time and during our time here lets live our lives without damaging each other and the nature around us, let us elevate each other instead of dividing ourselves - look up into the night sky what we can see is only the tip of the iceberg - there is a lot out there to keep us busy...

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Inspiring

great book, with convincing arguments for sustainable economy and used great examples. shows real life initiatives.

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Easily digestible and very interesting ideas

I don’t agree with all that I’d proposed here but it’s well worth the read. I wary of any ideas that propose that ‘everyone should’ or ‘everyone will benefit’. The psychology of people will not accept it, no matter how good it seems. Usually there is an iron fist inside the velvet glove that will inspire us forward.
I thing we have much too thank Capitalism but I agree that our current model needs adjustment.
I like the idea of changing the metric away from GDP to a more holistic model.
Perhaps incentivising the rich as opposed to rewarding the less well off might be easier to implement. Once you start pandering to the activists you will forever be running around trying to put out fires and end up achieving very little.
All that said, I really enjoyed this book and I will continue to recommend it.
Thank you.

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