Making Resource Democracy Radically Meaningful for Stakeowners: Our World, Our Rules?

Abstract

Listen

Translate article

This paper has a three-fold purpose: to challenge the current conceptualization of firm-stakeholder engagement, to popularize ‘allemansrätten’, the Scandinavian social innovation tradition for environmental value creation and environmental governance for ensuring ecological balance, and to introduce the concept of usufructual rights and the tutelage of natural resources for promoting human dignity. We underscore the deficiencies in the current stakeholder paradigm by pinpointing the specific essential catalysts that move the stakeholder theory to a new paradigm of a universal stakeownership. This is a quest to ensure the preservation and sustainability of natural resources and life support systems within specific institutional orders. We employ an adaptive research approach based on the Finnish/Nordic ecological case with a focus on the concept of ‘everyman’s right’: Everyone has the freedom to enjoy Finland’s/Scandinavia’s forests and lakes but with that also comes everyman’s responsibility to preserve the country’s nature for future generations. We argue that uncritically valorizing the universalized position of the current understanding of stakeholdership, with its flourish of contradictory and inaccurate characterization of global sustainability, retroactively aborts our ecological ideals from the uterus of preferred futures at the expense of humanity as a whole for the benefit of a few speculators and profiteers. Thus, we are woven into an ecological and economic tapestry whose present and future the current generation is accountable for in the era of universal stakeownership for a crucial evolutionary adaptation. This, however, cannot come about without fundamentally ‘democratizing’ resource democracy from the grassroots and questioning the global power structure that decides on the distributive effects of resources.