Most of MacLeod's perspective is more than valid to understand the concept of symptoms VS cause of any problem. The co-creation process of value is not rooted in the state and the stakeholder at all. When there is more limited mobility, and people start to realize they are not permitted to go anywhere, they will have to face the reality of the predicaments in their immediate occupied zones. The one good aspect of COVID is the effect that COVID is revealing the real process of disintegration that is occurring based on theft of data, and pipelines only of financialized monies to a few. Most people only go to touristy focus points which again for the most part are being devoured by MNE's and 1% of the populations for more undermining. The undermining to the scale that is occurring now is worse because no one is seeing or looking for or at reality. These are examples of undermining at a different scale.
They aren't cities, they are recent artifacts of the most immediate examples of waste by opportunists and greedy leaders that have required no levels of accountability from the CORPORATE organizational activities. Empty factories of Youngstowns Ohio and many other cities are tombstones that no exploiter or opportunist will touch. recent archaeological ruins reveal more of the unreal reality of the present global states. We may view ancient archaeological ruins as ruins, however. The present buildings that are shells all over the world reveal that fact. not the land and not the shells of any places where any work can be performed. What choices for survival exist for the people? Good or Bad? The state is a word that describes the reality of the people. You can see it in the faces of abused adults and children. You can see it in the faces of slaves, and prisoners. If you have a bunch of lousy workers with absolute worst living conditions and worst attitudes then what you have is a lousy state that is in a total condition of decay. The state is only the reflective and theoretical embodiment of the condition of the workers. Means of production are the equivalent of a land-fill. When that return is being or has been achieved then they can turn to adding further benefits to the society in which they are based according to where they with their investors draw the line. In pursuing the venture they should not cause a net harm to the society in which they operate. If they cannot do that they need to be changed or the venture terminated. Boards and CEO’s of companies firstly need to ensure that the people who provide the funding that allows them to have a business enterprise earn a reasonable and competitive return on their capital. Successful seed money from public entities indirectly generate benefits to society and a financial return to the public purse through the tax system which includes profit, salary, valued added, capital gains and dividend taxes. Communism has been a bust and individual rights of choice go back to « creation » or let us say hundreds of thousands of years of evolution. Each person draws it where they want it to be. There is a line somewhere between the human right as an individual to address his/her interests and that of being a voluntary communist. It is thus a betrayal of stakeholder capitalism’s true intent: to create value for public benefit. Stakeholder value becomes merely a means to an end – to benefit shareholders in the long run. After all, his support for stakeholders is conditional on a secure profit pipeline for shareholders, which means that shareholder value remains the bottom line. But far too little has changed, largely because the vision expressed by Fink and other corporate leaders stops short of the radical reforms needed to transform capitalism in the interests of people and the planet.įink’s version of stakeholder capitalism is based on conceptual sleight of hand. We’ve heard all this before, including in Fink’s own 20 letters, and in the ballyhooed 2019 Business Roundtable statement that Fink helped spearhead. But if his vision is supposed to be “ woke,” it is not nearly woke enough.
BlackRock is the world’s largest asset manager, and Fink, addressing the CEOs of the companies whose assets his firm manages on behalf of investors, took the opportunity to advocate a more ecologically sustainable, socially conscious, forward-looking form of capitalism rooted in stakeholder rather than shareholder value.įink’s exhortation seems like a welcome break from orthodox dogma. LONDON – BlackRock Chairman and CEO Larry Fink’s latest annual letter has taken the business world by storm.
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