Birdwatch Note Rating
2023-10-02 02:09:35 UTC - HELPFUL
Rated by Participant: 67A434ABA9638CA8B9854A9DB5BBEFA38B3C029C1597D064F178F0B498EAA165
Participant Details
Original Note:
At no point in the clip does Klaus Schwab say that. He is talking about Stakeholder Capitalism. Under this system, a company's purpose is to create long-term value and not to maximize profits and enhance shareholder value at the cost of other stakeholder groups. https://www.investopedia.com/stakeholder-capitalism-4774323
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