The Great Reset, Part IV: “Stakeholder Capitalism” Vs. “Neoliberalism”, by Michael Rectenwald (with links to Parts I-III)

This series is the most comprehensive and detailed analysis of the Great Reset. From Michael Rectenwald at zerohedge.com:

Authored by Michael Rectenwald via The Mises Institute,

Read Part I: Reduced Expectations And Bio-Techno-Feudalism here…

Read Part II: Corporate Socialism here…

Read Part III: Capitalism With Chinese Characteristics here…

Any discussion of “stakeholder capitalism” must begin by noting a paradox: like “neoliberalism,” its nemesis, “stakeholder capitalism” does not exist as such. There is no such economic system as “stakeholder capitalism,” just as there is no such economic system as “neoliberalism.” The two antipathetic twins are imaginary ghosts forever pitted against each other in a seemingly endless and frenzied tussle.

Instead of stakeholder capitalism and neoliberalism, there are authors who write about stakeholder capitalism and neoliberalism and companies that more or less subscribe to the view that companies have obligations to stakeholders in addition to shareholders. But if Klaus Schwab and the World Economic Forum (WEF) have their way, there will be governments that induce, by regulations and the threat of burdensome taxation, companies to subscribe to stakeholder redistribution.

Stakeholders consist of “customers, suppliers, employees, and local communities” in addition to shareholders. But for Klaus Schwab and the WEF, the framework of stakeholder capitalism must be globalized. A stakeholder is anyone or any group that stands to benefit or lose from any corporate behavior—other than competitors, we may presume. Since the primary pretext for the Great Reset is global climate change, anyone in the world can be considered a stakeholder in the corporate governance of any major corporation. And federal partnerships with corporations that do not “serve” their stakeholders, like the Keystone Pipeline project, for example, must be abandoned. Racial “equity,” the promotion of transgender agendas, and other such identity policies and politics, will also be injected into corporate sharing schemes.

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One response to “The Great Reset, Part IV: “Stakeholder Capitalism” Vs. “Neoliberalism”, by Michael Rectenwald (with links to Parts I-III)

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