Stakeholder Capitalism Perverts Adam Smith's Legacy

Business leaders and CEOs have recently joined social-justice activists in demanding a new brand of capitalism that serves not only shareholders, but also employees, customers, suppliers, and other “stakeholders.”

Paz Gómez from Ecuador, a policy analyst with Econ Americas and a research associate with the Frontier Centre for Public Policy, explains why such a view is misguided and misses the point of Adam Smith’s famous invisible hand analogy.

In our weekly interview with the Discovery Group, Brandon Macdonald, CEO and director of Fireweed Zinc (TSX-V: FWZ), explains how the firm is both saving money and making strides in community engagement at its Yukon zinc-lead-silver project, Macmillan Pass.

Show notes: http://goldnewsletter.com/podcast/stakeholder-capitalism-perverts-adam-smiths-legacy/
Source: goldnewsletter.com

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