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Common-Sense Capitalism



April 30, 2010 – Comments (2)

The idea of stakeholder -- as opposed to purely shareholder -- driven capitalism seems to be catching on, at least as a topic of discussion given so much that has gone wrong over recent years. I wrote on the topic for today in Common-Sense Capitalism. To my way of thinking, responsible and ethical business conduct with a focus on workers and customers as well as shareholders is just good, old-fashioned common sense, but in recent times we seem to have gotten away from that for the supposed drive to maximize shareholder value in the short term. Too many companies kind of miss the plot (and can ultimately destroy themselves and shareholder value over the long term) this way. I think more of a focus on all stakeholders is common sense that should be much more common than it has been for too long.

I hope everybody has a great weekend! 

2 Comments – Post Your Own

#1) On April 30, 2010 at 7:55 PM, binve (< 20) wrote:


I very much agree with your sentiments, and think it is not only something we should aspire to as a soceity, but I also think it is an inevitable eventuality to balance out the mindless greed of finanicals the last several decades. Here is a paragraph I have written and placed on a few of my posts. I think it dovetails very nicely with the sentiments in your article:

The current trend of piling debt on top of debt is unsustainable: Debt Saturation -"> And neo-economists and politicians have to get their collective heads out of their collective assess and not allow a vampire industry (financials) hijack the real economy. But since that won't happen willingly, then the market will force a crisis that will fundamentally change how we view politics and the economy. Crony capitalism will go away. Good laws like Glass-Steagall will become reinstated. Too big to fail will be abolished. Grass roots companies will grow like a new forest. The Mittelstand companies of Germany (small/medium firms, mostly family owned) is exactly the economic model that most of the western world should be following, and I believe will in the future.


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#2) On May 01, 2010 at 12:27 PM, TMFLomax (89.25) wrote:


Thanks for the thoughts! And I like your description of the financials as a "vampire industry." It really does seem that way. And not like it's doing much to contribute to our economy or society as a whole.

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