82,891
edits
Stakeholder capitalism: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 3: | Line 3: | ||
}}Once upon a time, not terribly long ago, the [[shareholder]] was an opaque yet sacred being, somewhat divine, to whose improving ends everyone engaged in the company’s operation twitched their every fibre. This ''will to shareholder return'' sprang from the brow of {{author|Adam Smith}} himself, and his [[invisible hand]]: | }}Once upon a time, not terribly long ago, the [[shareholder]] was an opaque yet sacred being, somewhat divine, to whose improving ends everyone engaged in the company’s operation twitched their every fibre. This ''will to shareholder return'' sprang from the brow of {{author|Adam Smith}} himself, and his [[invisible hand]]: | ||
{{quote|“...Though the sole end which they propose from the labours of all the thousands whom they employ, be the gratification of their own vain and insatiable desires, they divide with the poor the produce of all their improvements...They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species”}} | {{quote|“...Though the sole end which they propose from the labours of all the thousands whom they employ, be the gratification of their own vain and insatiable desires, they divide with the poor the produce of all their improvements...They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species”<ref> ''The Theory of Moral Sentiments'' (1759) Part IV, Chapter 1.</ref>}} | ||
This is, by the way, a ''breathtaking'' insight; no less [[Darwin’s Dangerous Idea|dangerous]] or revolutionary than [[Charles Darwin]]’s: from collected unfettered, venal, selfish actions [[emerges]] optimal community welfare. | This is, by the way, a ''breathtaking'' insight; no less [[Darwin’s Dangerous Idea|dangerous]] or revolutionary than [[Charles Darwin]]’s: from collected unfettered, venal, selfish actions [[emerges]] optimal community welfare. | ||