4 ms·
Also known as the Friedman doctrine. Look how far it got us. https://en.wikipedia.org/wiki/Friedman_doctrine https://en.wikipedia.org/wiki/Friedman_doctrine T
by Comevius 5y ago
Also known as the Friedman doctrine. Look how far it got us.
https://en.wikipedia.org/wiki/Friedman_doctrine https://en.wikipedia.org/wiki/Friedman_doctrine
The focus on short-term shareholder value is contraproductive. It's bad for the company, it's bad for society.
- headmelted 5y agoI disagree. If there are two rival companies, and one of the two focuses on social initiatives to the detriment of it’s financial competitiveness, then logically the result is that it falls behind it’s less moral competitor until being crushed completely or subsumed. In this scenario, you’re defacto punishing social initiatives rather than supporting them. It’s illogical to expect companies to behave in a way that they’ll be punished for. You clearly blame Milton Friedman. I blame a political class with no morals or consequences for betraying their electorate. They’re at best too lazy to do what they’re paid to do and at worst utterly corrupt. Either way, they’re responsible.