Stakeholder Capitalism Perverts Adam Smith’s Legacy | Paz Gómez

Business leaders and CEOs have recently joined social-justice activists in demanding a new brand of capitalism that serves not only shareholders, but also employees, customers, suppliers, and other “stakeholders.”

Paz Gómez from Ecuador, a policy analyst with Econ Americas and a research associate with the Frontier Centre for Public Policy, explains why such a view is misguided and misses the point of Adam Smith’s famous invisible hand analogy.

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In our weekly interview with the Discovery Group, Brandon Macdonald, CEO and director of Fireweed Zinc (TSX-V: FWZ), explains how the firm is both saving money and making strides in community engagement at its Yukon zinc-lead-silver project, Macmillan Pass.