Public loses faith in capitalism while backing ‘stakeholder’ business
Majority think capitalism does more harm than good, while 93% say stakeholders are the “most important to long-term company success”.
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More than half of British people have lost faith in capitalism to do good, while the public appears to have thrown its support behind the idea of “stakeholder” capitalism, according to research.
The annual Edelman Trust Barometer research revealed that 53% of those polled— 1,150 UK residents over the age of 18—believe capitalism does more harm than good.
It also found that the public had bought into the idea of stakeholder capitalism in a significant way. Of those polled, 93% said stakeholders were the “most important to long-term company success.” Just 7% named shareholders as the most important.
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