RE: The Attempted Rebirth of Stakeholder Capitalism
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Well, I haven't particularly heard of stakeholder capitalism, but it's practical and one can notice it in most big businesses with a lot of shareholders responsible one way or another for the smooth functioning of the business.
I think your example of FTX is spot on. Firstly I feel the "earn to give" model is mostly a scam on the surface and the reason is because it's absurd for capitalists to make money and give it away to people who aren't going to be directly responsible for them getting back this Money. I think it's probably to sell a charitable cause on the surface to get social backing and legitimatcy.
It's sad that such a scam scheme will be blamed on crypto and regulations will begin to kick in even if the it had nothing to do with Crypto.
Since government aren't directly benefiting from crypto, it's easy to blame the technology, while allowing the man who masterminded the theft to walk free. Indeed, it's mainly a decision that's never beneficial to the majority..
@tipu curate
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It is difficult to truly understand other people's motivations but their current and past actions offer a glimpse into their true intentions. Some people people act to accumulate wealth. Some people act because of other motivations but happen to have accumulated wealth along the way. Someone focused on accumulating wealth is not going to just stop doing so once they have accumulated a lot. This would be inconsistent with their observed behaviour. A person who became rich for a passion other than merely accumulating wealth are more likely to act more generously with their wealth.
In the case of FTX, Sam Bankman Fried was in it purely for the money. His actions always indicated that to be the case. Some of the people taken in by his claims such as sports stars like Tom Brady might have genuinely wanted to help society and the environment. These people have shown a passion for the sports they play and not necessarily the money they earn.