You've heard the term, "Go Woke, Go Broke" and probably saw the Bud Lite fiasco recently, as well as the Target stores forcing many consumers to boycott them.
I personally had been wondering for a while now what was behind this off-putting behavior, and what the shareholders thought of this advertising, and WHY they were putting up with it.
Then, just recently, I put it all together...
Just reading the words Stakeholder Capitalism makes a person say things like, "uh, what's that?"
Just like I did while researching how the WEF wants to reshape the world through what they called, a "great reset."
But don't worry, very few outside of Europe have ever heard the term, and even though it's been around for over 60 years, it never caught on.
A good thing too, because if it had, we would be seeing business done very differently today.
What is abundantly clear, is the fact that those who push it, don't even know how to define it.
And to top that off, they even wrote an article about how everyone misinterprets what it is, how it functions, and what the outcome is, and at the same time being hypocritical admitting they don't know, yet criticizing others who think they do.
Just read THIS article to see how hypocritical they really are...
Even the aforementioned article picks on US politicians who call it "woke capitalism" and say they don't have a source to point to so their term is OBVIOUSLY wrong.
Let's start off with the word stakeholder...
Think of this like when Americans say, "I don't have a dog in this fight..." Which means that whatever subject the person is talking about has nothing to do with them.
Now, change it to say, "I HAVE a dog in this fight..." which means that whatever the person is talking about affects them in some way, or that they have a STAKE in it.
A stakeholder is someone, anyone, directly affected by how a business is run.
For example, let's take my zucchini bread.
If I had a huge business where I got my flour directly from a wheat farmer, who depended on my orders, we can see that he is a stakeholder.
The Business Roundtable, a lobbyist group consisting of major business CEOs, had this to say...
'The Business Roundtable has urged corporations to consider all stakeholders—workers, customers, communities, the environment—as they pursue a profit.'
Now let's keep in mind that being a stakeholder in this type of capitalism is more important than being a SHAREHOLDER.
We all know what a share is. People own small portions of a company, and they get a dividend every quarter.
These shareholders are only a small piece of the pie. They won't be overlooked, but they also won't be getting what they did before.
The reason, is because this wealth that a company gets, needs to be spread out evenly among those who have a STAKE in the business.
From the CEO to the supply chain...from the workers to the farmer, everyone would be payed from the companies profits.
I don't know if anything like this exists in the world today...
Oh yeah, it's called socialism!
This is simply redistribution of wealth, the big businesses get richer, the poor get poorer.
So, in a nutshell, what is stakeholder capitalism?
It's socialism...that's it.
We are now at the end of the article so I would like to know your thoughts on these important issues.
Let me know in the comments below 👇🏻