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Thomas Spain

Why “Stakeholder Capitalism” Is a Disaster for Entrepreneurs

March 1, 2021 by Counter Markets

By Thomas Spain During the 1990s there was a legal and philosophical idea, championed by Milton Friedman among others, that a corporation exists to serve the interests of the shareholders, being that they are the rightful owners of the corporation. Progressive thought leaders responded with the countertheory of stakeholder capitalism. Under stakeholder theory the … [Read more...] about Why “Stakeholder Capitalism” Is a Disaster for Entrepreneurs

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