Comment

Maximizing shareholder value is destroying capitalism

5
Bob Levin8/02/2012 7:32:09 am PDT

re: #2 Destro

Metaphors are nice, but…the web of interconnections and cause and effect are far too complex. Someone posted a video of Milton Friedman arguing with a college leftist.

Sifting through the confusion, the question was really, how can we insure justice and humanity through an unregulated market? This is where Friedmanites get stuck, falling back on the market the market the market. But Milton his own self said that such issues should be resolved by the courts, and that businesses that violate basic humanist principles should be severely punished, that is fined heavily until they decide to consider humanist values in their business decisions.