Dan Hulton on Nostr: I wanna surface this to my main timeline because it's kinda important to say out loud ...
I wanna surface this to my main timeline because it's kinda important to say out loud from time to time:
Businesses do NOT "have to" focus exclusively on their return to shareholders. Not legally, not morally.
That is the misguided OPINION of a 1970 essay by Milton Friedman, and the fact that everyone seemed to just hop on board that opinion is a significant reason why we switched gears into hyper-hell-capitaliam since then.
Push back on this every time you see it.
Businesses do NOT "have to" focus exclusively on their return to shareholders. Not legally, not morally.
That is the misguided OPINION of a 1970 essay by Milton Friedman, and the fact that everyone seemed to just hop on board that opinion is a significant reason why we switched gears into hyper-hell-capitaliam since then.
Push back on this every time you see it.