Under shareholder primacy, businesses can write off air pollution and environmental degradation as "externalities."Friedman's worldview has brought us to where we are today: a time when the American capitalism made in his image seems more dysfunctional than ever.
by The Harris Poll and Just Capital, an independent research firm founded by the billionaire investor Paul Tudor Jones. Leo Strine, former chief justice of the Delaware Supreme Court, and Allbirds CEO Joey Zwillinger examined inequality further in a recent essay in"From 1948 to 1979, worker productivity grew by 108.1% and wages grew by 93.2%, with the stock market growing by 603%," they write.
Between 1979 to 2018, however, worker pay only rose by 11.6% as productivity rose by 69.6%. Over the same period, compensation for chief executives grew by an enormous 940% and the stock market grew by 2,200%. Without any responsibility to the environment under Friedman's tenets, companies wrote off environmental risk as a public concern. Meanwhile environmental regulation was stymied.
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This article is Bull Shit.
This article is exactly why social activists should not write about business, a topic they don't understand anything about.
You don't have journalists with real business knowledge just bias social activists. It's obvious to everyone. Reporting news is one thing, not understanding business is another. You can't do either well.
1) Pandemic: Businesses should adapt to stay in business, but Democrats shut them down. 2) Fires: Happening in Democtrat states, that is government negligence affecting businesses. 3) Inequality: In this country, you can work and get ahead, or be lazy and play the victim.
He and his colleagues are completely wrong. People aren’t responsible nor should they be concerned about the success of companies. They wrote their theories to ultimately support and shore up their sponsors
Wow. Business Insider doesn’t get business. Let that sink in.
This notion is buttressed by policy. It’s their legal obligation to think only of profits. It only underscores the fact that the war is over. They won. The government has been totally captured by multinational corporations. The free market created these conditions you describe.
1 Chutiya Tha ye Milton Friedman. FraudFriedman
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