Stakeholder Capitalism Perverts Adam Smith’s Legacy
Fergus Hodgson, March 19, 2020 
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Business leaders and CEOs have recently joined social-justice activists in demanding a new brand of capitalism that serves not only shareholders, but also employees, customers, suppliers, and other “stakeholders.”
Paz Gómez from Ecuador, a policy analyst with Econ Americas and a research associate with the Frontier Centre for Public Policy, explains why such a view is misguided and misses the point of Adam Smith’s famous invisible hand analogy.
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In our weekly interview with the Discovery Group, Brandon Macdonald, CEO and director of Fireweed Zinc (TSX-V: FWZ), explains how the firm is both saving money and making strides in community engagement at its Yukon zinc-lead-silver project, Macmillan Pass.
Recommended Links
- Connect with Paz on Twitter or LinkedIn and visit Libre Razón.
- Check out her work on Econ Americas and the Frontier Centre.
- “Stakeholder Capitalism’s Sleight of Hand,” Frontier Centre.
- “Davos Manifesto 2020: The Universal Purpose of a Company in the Fourth Industrial Revolution,” World Economic Forum.
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Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.