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Being responsible Quote by Noam Chomsky

“Stakeholders - meaning workers and community - the CEO could just as well be responsible to them. This presupposes there ought to be management but why does there have to be management? Why not have the stakeholders run the industry?” quote by Noam Chomsky
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“Stakeholders - meaning workers and community - the CEO could just as well be responsible to them. This presupposes there ought to be management but why does there have to be management? Why not have the stakeholders run the industry?”

Noam Chomsky

About This Quote

Source Speech: Interview on Economic Democracy, 1995

Management is seen as a necessary intermediary, but stakeholders could directly control enterprises, questioning hierarchy.

In simple terms: Stakeholders could run firms without managers.

Key Takeaway

Consider stakeholder governance models.

Themes

economics governance power management democracy

Mood

critical inquisitive

Type

analytical philosophical

When to use this quote

  • cooperatives
  • employee ownership
  • community projects
  • policy debates

Key Concepts

Stakeholder theory direct democracy organizational design

Questions to Reflect On

  • How would decisions be made efficiently?
  • What safeguards are needed?
A Different Perspective

Stakeholder control may lack expertise and coordination.

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