Klaus Schwab about stakeholder capitalism

Klaus Schwab: "In the past business was regarded to be just here to create prosperity and to work for the owners. But today I'm propagating what we call now stakeholder capitalism. Which means, business has to create prosperity, certainly, long term prosperity, but business is also a social organism and business has to take care of society and has to take care of the environment. So the objectives of business and governments, even if the roles are different is execution but the objectives have become identical because also the government's objectives, off course, are creating prosperity, inclusiveness, taking care of society and environment. But with stakeholder capitalism, which is a base of the functioning of the World Economic Forum, of our values and philosophy, I think here business has to take care not only of the owners, shareholders, but of society at large, environment...So public private cooperation and stakeholder capitalism together, I think, will be the pillars of success for the ASEAN countries."