Interesting, I didn't know that. Most of the clips I see of him online show him berating young people who aren't wrong IMHO. A bit serendipitous, but his name

Interesting, I didn't know that. Most of the clips I see of him online show him berating young people who aren't wrong IMHO. A bit serendipitous, but his name popped up just now when I was searching for an article about regulation to make companies responsible for their own externalities: https://www.bloomberg.com/opinion/articles/2021-10-29/cop26-capital-markets-can-t-save-the-planet-but-they-can-help https://www.bloomberg.com/opinion/articles/2021-10-29/cop26-... Big investors really do think of themselves as universal investors The typical attitude is: “If we’re a big investor, we’re universal investors. We can’t say we’re going to divest fossil fuels companies; we have to stay invested.” Other companies in the portfolio will continue to use carbon. At the same time, a universal investor needs to look after the wellbeing of its clients. That means making sure they have a healthy climate to breathe when they retire, and not just that they have an adequate cash flow. Put differently, the report says they believe that they “own” the negative externalities caused by the companies in their portfolio “due to the sheer depth and breadth of their holdings in all asset classes and regions.” As far as they are concerned: “Such ‘paper’ holdings do not negate their fiduciary responsibility to wider society.” This is a long way from the “shareholder value” philosophy associated with Milton Friedman that held sway for decades. Right now I put the responsibility for environmental collapse squarely on the shoulders of corporations, their shareholders and fundamentally consumers who (due to tragedy of the commons) frankly don't know how to begin to be sustainable when it takes everything they got to make it in today's world. To say that another way, I don't think that Friedman's views are fundamentally incorrect, I just think that they put attention in the wrong places. For example, capitalism is just economic evolution. It doesn't need to be defended as some alternative to social democracy. Capitalism isn't going anywhere, but it can be constrained by human will so that it doesn't make us slaves to it, toiling in the workaday world every day until we die as the earth burns around us.