Using the term “stakeholder” is woke nonsense. But the younger set coming out of college seems to have never heard the term “shareholder.”The term stakeholder represents the collective pilfering of the few who have earned, by the many who have done diddly squat. It’s a verbal redistribution, if you will; a mental conditioning of the sort that defies wealth accumulation and promulgates unabashed egalitarianism. The anti-capitalist, social contriver types — that run business schools across the nation — latched on to this term in the 1970s, and brainwashed an entire generation of businessmen-to-be on the sentiment that rights to the property of others exist outside of absolute property ownership.The stakeholder concept is embedded in the social revolution against the haves by the have-nots. The fundamental nature of this revolution is such that it pits workers against owners, and social democracy against free enterprise. It denotes an authoritative purity in the expropriation of capital. It hijacks corporate management of its bona fide fiduciary duties in favor of an all-inclusive code of responsibility that must serve preferred interest groups, putting the shareholder behind the communal bread line. Accordingly, the stakeholder model holds up theft as noble and decries earned “excess” as a bad thing. The stakeholder view of the corporation is nothing more than a systematization of claimed entitlements to the wealth of others for the social “benefit” of the politically empowered. This is accepted wisdom to the advocates of absolute democracy, otherwise recognized as the mob alliance.Thus we have it: a village of idiots that use normative means to assert that the village does indeed have a stake in whatever it is that others have that can benefit them.Also to the younger set: Yes, cash is King.The post No, you’re not a “stakeholder.” appeared first on LewRockwell.