Abstract
The essay explains that viewing business as solely a means for competition presents danger in the market, specifically with the actions of the government attempting to fix this competitiveness. Freeman claims that business is about cooperation among customers, suppliers, employees, financiers, and communities rather than competitiveness. Moreover, the author concludes that we should change the self-image of managers and begin to view business as creating value for stakeholders, so that capitalism can thrive and survive.
Originally published in: The Darden Report, 14(3), 28–32 © Darden School of Business, 1988
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Freeman, R.E. (2023). The Myth of Cowboy Capitalism. In: Dmytriyev, S.D., Freeman, R.E. (eds) R. Edward Freeman’s Selected Works on Stakeholder Theory and Business Ethics. Issues in Business Ethics(), vol 53. Springer, Cham. https://doi.org/10.1007/978-3-031-04564-6_45
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DOI: https://doi.org/10.1007/978-3-031-04564-6_45
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