This week’s World Economic Forum meeting in Davos should have been a triumphant one for its host, Klaus Schwab.
Nearly half a century after the economist launched his Swiss gatherings for world leaders, executives and financiers, his belief that businesses should serve all their constituents equally seemed to have prevailed over the old notion that companies exist only to make profits for their owners.
In a book offered free on stands around the event, Schwab and a co-author expressed their certainty that his vision of “stakeholder capitalism” had finally been “vindicated”.
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