"Stakeholder theory violates private property rights and freedom of association. It makes of people in business involuntary servants of 'society, mainly of self-appointed moralists." #QotD

"Stakeholder theory is now nearly mainstream among business ethics and business and society scholars but it has serious problems. One is well communicated by a quote from W. H. Auden: 'We are here on earth to do good for others. What the others are here for, I don't know'." More to the point, stakeholder theory violates private property rights and freedom of association. It makes of people in business involuntary servants of 'society, mainly of self-appointed moralists."

~ Tibor Machan, abstract of his paper 'Altruism (Stakeholder Theory) Versus Business Ethics'
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