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f0xr 1y ago

Klaus Schwab: "One factor for success is public-private co-operation."

"I'm propagating what we [now call] 'stakeholder capitalism', which means... business is also a social organism, and business has to take care of society, and has to take care of the environment."

"So the objectives of business and governments, even if the roles are different in execution, the objectives have become identical."

What we now call "stakeholder capitalism"? Sorry, I'm not calling it that. It has nothing to do with capitalism. And it already has a name. It's called fascism. No thanks 👎🏼

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James A Lewis 1y ago

I personally avoid the Marxist term "capitalist" and prefer more clear verbiage. I enjoy using terms such as "localism" and "free market" to describe my views. You and I will likely agree on what you mean by stating your support of "capitalism," but those who oppose it will fully misunderstand your meaning. In contrast, my stating that I believe power should be held as locally as possible to achieve a goal and that people ought to be free to trade with one another is quite difficult to misunderstand.

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f0xr 1y ago

I love this framing 👍🏼