I remember that I found this concept rather illogical when I first heard about it at high school. According to this stakeholder thing companies are responsible to their shareholders, but also to environmental groups, consumers groups, labour unions, other groups, more groups, politicians, the astronauts in the ISS space station, and God…?

I then thought it was ridiculous. I still think it is. The worrying thing about education is that it represents certain ideas as truths. A stakeholder is a European (and Asian) thing. It is invented by social engineers like social democrats. Just like school books, I guess.

The management of a company is solely accountable to shareholders. It operates within a legal framework. The latter is the Trojan horse.

The stakeholder concept is rooted in coalition building. Like in politics it looks for compromises. Europeans are afraid that when they make the legal framework stricter, the Anglo-Saxon companies would decide to move their operations to other continents. So, instead, they introduced this backdoor stakeholder thing.

What is its aim?

Its aim is to control consumers. In a free market economy consumers decide which products they want to buy. Shareholders look for return maximisation and instruct management to produce efficiently the products the public demands. Socialists disagree with the choices of the public and look for ways to impose their will. European socialists are spineless: would they be convinced of themselves, they would regulate the economy. They know that this does not work (remember the Soviet Union?). Now, they claim to protect.

Protection kills. Firstly it kills those who do not want to be protected. Then it kills those who are protected. They die of character poverty. In this respect socialism does not differ from any other religious sect. The religious, though, kill in order to prepare for life after death. Socialists only kill. They are nobodies.