BETTER CAPITALISM™ BLOG PAGE

The practice of law is one of the “3 great professions.” These are theology for the preservation of the spirit, medicine for the...

Capitalism is a system we humans created and constantly reinvent. These reinventions unfold in small and subtle steps punctuated every...

This is the sixth of a six-blog series that simply and in plain language explains the dangerous fallacy of Milton Friedman’s “maximize...

This is the fifth of a six-blog series that simply and in plain language explains the dangerous fallacy of Milton Friedman’s “maximize...

This is the fourth of a six-blog series that simply and in plain language explains the dangerous fallacy of Milton Friedman’s “maximize...

This is the third of a six-blog series that simply and in plain language explains the dangerous fallacy of Milton Friedman’s “maximize...

This is the first of a six-blog series that simply and in plain language explains the dangerous fallacy of Milton Friedman’s “maximize profit” business ethic. Milton Friedman’s “The Social Responsibility of Business Is to Increase Its Profits” ran in The New York Times Magazine on September 13, 1970 (“Friedman’s article”). It’s not hyperbole for us to assert this article is among the most influential business articles since 1970. Photo Credit The New York Times | innowiki.org

“We hold these truths to be self-evident, that the purpose of corporations is to maximize shareholder value.” Ok, that’s not actually...