, 5 tweets, 2 min read
"Instead of serving the interests of the shareholders who own the company, CEOs and directors would have to serve some combination of 'the workforce,' 'customers,' 'the local and global environment' and 'community and societal factors.'" archive.is/FtEuA
This is optimized to sound good, but in practice would mean a radical change in corporate governance. Imagine every board vote being subject to California-style environmental impact reviews. citylab.com/transportation…
Stepping back, the reason proposals like this are being discussed is that many people feel left out of the economic growth of the last few decades. Though whether this is actually true is worth investigating: medium.com/@russroberts/d…
Either way, the next step after shareholder capitalism is not stakeholder capitalism but blockchain capitalism.

We can expand the set of "stakeholders" to give anyone a say on corporate decisions without skin in the game.

Or we can use crypto to share wealth more broadly.
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