Robespierrette · @Robespierrette
80 followers · 401 posts · Server universeodon.com

Too often, there’s confusion about how became decoupled from gains, how became a thing of the past, how every facet of life came to be by the

May I present & the of 1970.

“…there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”

To give him his due, he probably did not foresee the full capture of by corporations, which let them change those “rules of the game” - gutting worker & environmental protections and allowing to rise again.

His work was used to give cover to , and all that has followed. 😑

nytimes.com/1970/09/13/archive

#wages #productivity #corporateresponsibility #american #monetized #financialindustry #miltonfriedman #friedmandoctrine #government #monopolies #reaganism #thatcherism #economics #incomeinequality

Last updated 2 years ago