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Stakeholder Capitalism versus Shareholders

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In the United States, the top 1 percent of households own more wealth than the bottom 90 percent combined Ingraham, (2017). This is in part a result of a winner-takes-all mindset in a capitalistic market.

Furthermore, there is this myth of “pull yourself up by your bootstraps,” which assumes that we all come from the same starting point. Yet racism, sexism, and classism are all ignored. It's hard to win a race if you start off shackled and have to run through fire while others use turbo-charged engines to get there.

It's time for all-hands-on-deck intervention to rethink our capitalistic system and make it work for everyone. That's why I am a proponent of stakeholder capitalism, which cares about humanity and our planet, rather than the current shareholder capitalism, which focuses on wealth maximization for a small number of elite individuals who own the company.

The Unintended Consequences of Technology

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