Stakeholder Capitalism and the End of History

New Discourses

Education

4.8 • 2.4K Ratings

🗓️ 13 February 2023

⏱️ 102 minutes

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Summary

The New Discourses Podcast with James Lindsay, Episode 109 In 1844, Karl Marx explained that Communism, "as the positive transcendence of private property as human self-estrangement" is "the riddle of history solved, and it knows itself to be this solution. In 2016, 172 years later, Klaus Schwab's World Economic Forum put forth a bold future-casting video proclaiming that by the year 2030 "you will own nothing, and you will be happy." These, of course, are the same assertion. Flashing back, in 1964, in the book 'One-dimensional Man' (https://amzn.to/3HekQ9w), Herbert Marcuse explained that to move forward with the Marxist project, socialism had to figure out how to become productive without abandoning its core values and capitalism had to be reined in to curb its inherent unsustainability. That is, Marcuse reframed the riddle of history and pointed in the direction of a way to solve it. This year, in 2023, just weeks ago in an interview resulting from the Davos meeting (https://bit.ly/3RNDF8m), Klaus Schwab articulated his vision for this solution: state capitalism on the one hand and shareholder capitalism on the other have to be reconsidered into a new model he calls "stakeholder capitalism" that incorporates certain aspects of "social responsibility." Yet again, these are the same assertion. In this episode of the New Discourses Podcast, host James Lindsay explains these ideas in unprecedented depth, reading through and building off an essay he wrote for New Discourses on this very subject last October: "The Riddle of History, Solved" (https://newdiscourses.com/2022/10/riddle-of-history-solved). Join him to understand what "stakeholder capitalism" really is in terms of "productive socialism" and capitalism reframed in terms of the "sustainability" agenda. Order James Lindsay's new book, The Marxification of Education: https://amzn.to/3RYZ0tY Support New Discourses: https://newdiscourses.com/support Follow New Discourses on other platforms: https://newdiscourses.com/subscribe Follow James Lindsay: https://linktr.ee/conceptualjames © 2023 New Discourses. All rights reserved. #newdiscourses #jameslindsay #stakeholders

Transcript

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0:00.0	Hey everybody, it's James Lindsay, your listening to the new Discourses podcast.
0:24.7	I'm going to start off reading you a very brief piece of a much longer quotation from Karl Marx.
0:31.4	He wrote this in the Economic and Philosophic manuscripts, which he wrote in 1844.
0:36.4	I think this work is extremely important to understanding Marx and his philosophy,
0:41.0	much more than the communist manifesto or capital, which is controversial, but welcome to
0:48.2	the new Discourses podcast. So the quote says, communism is the riddle of history solved,
0:55.0	and it knows itself to be this solution. So while you can look to the manifesto and you can hear
1:01.3	Karl Marx say things like that, as a matter of fact, the communism can be summarized in a single
1:09.8	sentence, this is at least in the second chapter of the communist manifesto, and he says that
1:13.5	single sentences abolition of private property. He also in 1844, so about four years earlier,
1:21.9	characterized communism as the riddle of history solved, such that it knows itself to be
1:28.2	the solution to the riddle of history. Not a number months ago, I wrote an essay on
1:33.6	new Discourses and nobody reads. So I always kind of intended to go through this essay as a podcast
1:39.9	to talk about the riddle of history and the title of the essay, if you want to look it up, is
1:45.0	the riddle of history solved. So the title of the podcast will be something like solving the
1:49.1	riddle of history. See how that works. But before I actually, what I'm going to do is I'm going
1:53.6	to mostly read through my own essay and add commentary because I want people to get the same ideas
1:59.3	in more than one format. But before I do, I want us to listen to our friend, um,
2:05.4	Klaus Schwab from the Veld economic forum. And so Klaus, just to set this up, is being interviewed.
2:12.5	It looks like he's being interviewed by India today by, if I can read this right, Rahul Kahn-Wall,
2:18.9	news director, India today in A-J-T-A-K, whatever that is. Um, and he's being interviewed at this
2:27.1	years or around this year's Davos meeting, the World Economic Forum meeting that was held this
	...

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