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> rather than a corp whose sole purpose is to make profit So we've all now universally accepted the Friedman doctrine? You're aware that the Friedman doctrine
by pluma 8y ago
> rather than a corp whose sole purpose is to make profit
So we've all now universally accepted the Friedman doctrine?
You're aware that the Friedman doctrine isn't held as an inherent truth everywhere and by everyone, right? Not every culture sees corporations as having the sole moral duty of maximising shareholder value with no regard for societal wellbeing.
- imglorp 8y agoActually neither! There is one level more pessimistic than Friedman, which is Greenspan's parting realization. [1] So it's three layers of theft now. Public corps ... Society's wellbeing < shareholder's value < executive's value So you get these axemen who show up, extract whatever they can from the corporation, and then walk away from the ruins for the next thief, if anything is left. They're TWO layers removed from society. 1. https://www.nytimes.com/2008/10/24/business/economy/24panel.html https://www.nytimes.com/2008/10/24/business/economy/24panel....