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>Sorry are you asking me to prove that stakeholder capitalism existed from the ~1940s to the ~1970s? I'm not going to give a 200 level Business History course i
by gruez 1y ago
>Sorry are you asking me to prove that stakeholder capitalism existed from the ~1940s to the ~1970s? I'm not going to give a 200 level Business History course in a Hacker News comment thread. You can use Google.
Given that the wikipedia article says that a 1984 book was "widely cited in the field as being the foundation of stakeholder theory", that the first mention was in 1912, and there's nothing about the post-war period or communism, I'm very skeptical that your "~1940s to the ~1970s" window for stakeholder capitalism was defined in a rigorous way. It seems far more likely you're committing the texas sharpshooter's fallacy by finding a period of american prosperity (ie. "~1940s to the ~1970s"), defining that to be "stakeholder capitalism", and concluding that it was a great success.
https://en.wikipedia.org/wiki/Stakeholder_theory https://en.wikipedia.org/wiki/Stakeholder_theory
>China doesn't have stakeholder capitalism.
You're not really refuting the point. "Common prosperity" sounds a lot like stakeholder capitalism, specifically improving the lives of other citizens/the country as a whole, rather than the company.