Comment by Melatonic
18 hours ago
Know any good books on this stuff ?
Stakeholder Capitalism sounds like a much longer term success vector for most companies.
18 hours ago
Know any good books on this stuff ?
Stakeholder Capitalism sounds like a much longer term success vector for most companies.
Unfortunately no, though I'm sure they exist.
AFAIK the go-to book on this history is "The Man Who Broke Capitalism" about Jack Welch. I haven't read it though so can't sign my name to it!
A few other threads that might be worth pulling on:
* Dee Hock, founder of Visa, advocated for stuff in this realm. Worth reading some of his writing.
* W Edwards Deming, oddly enough an American who is one of the father's of Japan's incredible manufacturing philosophy, believed in this more expansive idea of wholeness in industry ("Deming's Journey to Profound Knowledge" is good)
* Progress & Poverty (the famous Land Value Tax book) oddly enough is what really made capitalism itself legible enough to me to realize the positive-sum nature of what well-designed capitalism can do
* Costco is probably the most obvious success case of a stakeholder-capitalist company succeeding in an ultra competitive market, even while being publicly traded. I'm sure there are phenomenal books on Costco but the Acquired podcast's episode is a fantastic primer.
* "How the Other Half Lives" by Jacob Riis is a snapshot of the precursor conditions that led to stakeholder capitalism. Basically industrialization threw huge numbers of people into conditions even more destitute than the perpetual battle with starvation that predated industrialization. Jacob Riis documented just how horrific this was and contributed to a wave of social, political, and philosophical reforms that culminated in the advent of stakeholder capitalism.