Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace

Take a deep breath

Feb 24, 2020

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
This Is Uncomfortable
Sign up for "Econ Extra Credit" Here
Episode 149
Feb 11, 2020

No more business as usual?

Share Now on:
HTML EMBED:
COPY
Are Big Business' gestures toward social and economic responsibility something we should take seriously or a canny bit of "woke-washing"?

The big buzzwords among the executives and world leaders at the World Economic Forum’s annual meeting in Davos, Switzerland, this year was “stakeholder capitalism.”

It’s the idea that a corporation shouldn’t just enrich its shareholders, but also take responsibility for its social and environmental impact. What a concept, right? That idea threatens at least half a century of popular business dogma. Yet it’s starting to look like some major players are at least gesturing at dismantling the myth of shareholder value to something wider-reaching and sustainable.

At the World Economic Forum, some 140 businesses committed to a shared set of metrics for their companies’ impacts. That comes after the Business Roundtable released nonbinding guidelines reframing the purpose of a corporation: “to serve all Americans.” Companies like Microsoft and the investment firm BlackRock have made their own environmental pledges.

So, what do we make of all this? Are capitalism’s major players really turning a page toward serving all people, or is this just the latest in corporate “woke-washing“? We put that question to Jerry Davis, the associate dean for business and impact at the University of Michigan’s Ross School of Business. He’s the source of that quotation in the title.

Plus: what we talk about when we talk about the cloud, hacking the internet of things and a voice memo from an honest-to-God swole vegan.

When you’re done listening, tell your Echo device to “make me smart” for new daily Alexa explainers on prohibition and electric eels, and subscribe to our newsletter. If you missed it, here’s last week’s issue.

The team

Molly Wood Host
Jody Becker Interim Senior Producer
Tony Wagner Digital Producer
Sam Anderson Associate Producer