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What are your thoughts on Stakeholder Capitalism?

What are your thoughts on Stakeholder Capitalism?

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March 12, 2024

Question: What are your thoughts on Stakeholder Capitalism?

Answer: All of my thoughts about it are negative. Philosophically this is an applied business ethics concept. A contrast between egoism, in moral theory, and forms of altruism and/or collectivism in moral theory become applied to business.

The best way to see this is to consider the status say of a single person in business dealing with a single customer. The stockholder, which say it is, is my business, I will enter into this transaction with this potential customer if it serves my interest; and the assumption is that the customer is also looking after his or her interests. If we both agree, we will do the deal, if not we will go our separate ways.

The stakeholder approach by contrast makes the assumption that one has an obligation to be in business, or if one is already in business, anyone who has a stake, has an equal say in how the business should go, and that sometimes is going to involve some sacrifices on the part of the business owner and that I reject.

Stephen Hicks Ph.D.
About the author:
Stephen Hicks Ph.D.

Stephen R. C. Hicks is a Senior Scholar for The Atlas Society and Professor of Philosophy at Rockford University. He is also the Director of the Center for Ethics and Entrepreneurship at Rockford University.

Ele é autor de A Arte da Raciocínio: Leituras para Análise Lógica (W. W. Norton & Co., 1998), Explicando o pós-modernismo: Cepticismo e Socialismo de Rousseau a Foucault (Scholargy, 2004), Nietzsche e os nazis (Ockham's Razor, 2010), Vida empresarial (CEEF, 2016), Liberalismo Pro e Con (Connor Court, 2020), Arte: Moderno, Pós-moderno e Mais Além (com Michael Newberry, 2021) e Oito Filosofias da Educação (2022). Publicou em Business Ethics Quarterly, Review of Metaphysics, e The Wall Street Journal. Os seus escritos foram traduzidos em 20 línguas.

Tem sido Professor Visitante de Ética Empresarial na Universidade de Georgetown em Washington, D.C., Visiting Fellow no Centro de Filosofia e Política Social em Bowling Green, Ohio, Professor Visitante na Universidade de Kasimir the Great, Polónia, Visiting Fellow no Harris Manchester College da Universidade de Oxford, Inglaterra, e Professor Visitante na Universidade Jagiellonian, Polónia.

Os seus diplomas de licenciatura e mestrado são da Universidade de Guelph, Canadá. O seu doutoramento em Filosofia é da Universidade de Indiana, Bloomington, EUA.

Em 2010, ganhou o Prémio de Excelência em Ensino da sua universidade.

A sua série de podcasts Open College é publicada pela Possibly Correct Productions, Toronto. As suas palestras e entrevistas em vídeo estão online no CEE Video Channel, e o seu website é StephenHicks.org.  


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