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Stakeholding and Its Critics
註釋Capitalism is the only game in town, according to Will Hutton, but we can choose between different varieties. Hutton attributes the blame for Britain's poor performance to the pursuit of short-term profits for investors, instead of long-term policies which take into account the needs not only of shareholders but of suppliers, workers, trade unions and banks as well. Hutton blames the last Conservative government's 'single-minded pursuit of free-market economic doctrines' for making the situation worse and leading to a fragmented society. Instead, he recommends stakeholder theory, embodied in a range of reforms to discourage short-term profit-seeking and to change the structures of corporate governance.