This week, amidst all of the domestic political hubbub here in the United States, the World Economic Forum (WEF) is happening over at Davos. Now, why exactly is the World Economic Forum important?
In 1971, there was an organization that was established by Klaus Schwab, who is a German engineer, economist, and professor with a James Bond villain accent. He created this organization so that heads of business in heads of state could discuss what he called “stakeholder capitalism.” Stakeholder capitalism was a theory he expressed that essentially suggested if you owned a company, you ought not answer to your shareholders; if you managed a company, you ought not answer to profit margin or shareholders.
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