These are difficult days for the elites caricatured as "Davos men." But one might not know it reading the strident remarks coming out of the World Economic Forum last week.
Stakeholder capitalism is supposed to be the natural successor to the model of maximizing shareholder value.
The call for corporate advocacy comes as nationalism and populism are emerging across the West, with events such as Brexit and Donald Trump's 2016 triumph.
The advent of stakeholder capitalism as a replacement for shareholder value is in many ways a microcosm of the current globalist project, and its flaws illustrate the tension between today's globalism and nationalism.
The irony is that many aspects of today's globalism-or at least its promotion of market economies, capital mobility, and mostly free trade-aren't in conflict with nationalism.
The "Long" 19th century-the period spanning the French revolution through Sarajevo-witnessed considerable economic, political and social upheaval, and yet was also a time of industrialization, enormous poverty reduction, wealth creation and global economic integration.
While nationalism may be a dirty word among elites in Switzerland, the nation-state remains the most successful vehicle for advancing liberty, economic advancement and individual achievement in the history of the world.
https://www.wsj.com/articles/the-davos-crowd-embraces-big-global-government-11580072029
Stakeholder capitalism is supposed to be the natural successor to the model of maximizing shareholder value.
The call for corporate advocacy comes as nationalism and populism are emerging across the West, with events such as Brexit and Donald Trump's 2016 triumph.
The advent of stakeholder capitalism as a replacement for shareholder value is in many ways a microcosm of the current globalist project, and its flaws illustrate the tension between today's globalism and nationalism.
The irony is that many aspects of today's globalism-or at least its promotion of market economies, capital mobility, and mostly free trade-aren't in conflict with nationalism.
The "Long" 19th century-the period spanning the French revolution through Sarajevo-witnessed considerable economic, political and social upheaval, and yet was also a time of industrialization, enormous poverty reduction, wealth creation and global economic integration.
While nationalism may be a dirty word among elites in Switzerland, the nation-state remains the most successful vehicle for advancing liberty, economic advancement and individual achievement in the history of the world.
https://www.wsj.com/articles/the-davos-crowd-embraces-big-global-government-11580072029
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