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Milton Friedman argued that the sole purpose of a company is to serve its shareholders and lampooned the idea that business has any responsibility for, and I qu
by red-iron-pine 10mo ago
Milton Friedman argued that the sole purpose of a company is to serve its shareholders and lampooned the idea that business has any responsibility for, and I quote, "providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers."
- Tade0 10mo agoThat is very in character for him, but I guess he was referring to the case which originally established this idea: https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.