headline last year, would have made Milton Friedman turn in his grave. In a landmarkessay, whose 50th anniversary fell on September 13th, the Nobel-prizewinning economist sought from the first paragraph to tear to shreds any notion that businesses should have social responsibilities. Employment? Discrimination? Pollution? Mere “catchwords”, he declared. Only businessmen could have responsibilities.
In partisan America, riven by gender, race and income inequality, such “stakeholderism” is all the rage. But there is pushback. To celebrate the half-centenary of Friedman’s essay, the University of Chicago, his, held an online forum at its Booth School of Business in which advocates of his creed argued that giving bosses too much latitude may make things worse for stakeholders, not better.
It is possible that the retailer’s stance helped win over new consumers. It may even have benefited Walmart’s bottom line—and shareholders. Yet it also showed that amid increasingly polarised politics, what is good for one set of stakeholders may be anathema to another.
Dear America Leaders, please should establish 1 control election staff group for all state in election 2020 to avoid democratic party rigging the elections
Hello LeoDiCaprio What about that? And you GretaThunberg Do you believe Brazilian generals? They are the same ones who haven't seen the PT Party plunder Brazil for 14 years! They are also the same ones who haven't seen the Supreme Court grant impunity to the plunderers.
More so than there already is?
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