Just in case, you were confused about the real purpose of a firm...and, no, it's not simply maximizing returns for...

Just in case, you were confused about the real purpose of a firm…and, no, it’s not simply maximizing returns for…

Reading Time: 1 minute

Just in case, you were confused about the real purpose of a firm…and, no, it’s not simply maximizing returns for shareholders. This article does a nice job of summarizing the case against shareholder primacy.

https://www.nakedcapitalism.com/2017/08/original-shareholder-value-article-milton-friedman-gm-build-clunky-cars.html

16 comments

  1. Milton Friedman is a short term thinker Gideon Rosenblatt

  2. honda, toyota and apple increased shareholder value by caring about people? “..First as Tragedy, Then as Farce ..radical horizon of our imagination is global capitalism with a human face ..”: youtube.com – RSA ANIMATE: First as Tragedy, Then as Farce

  3. “..Markets Sharply Restrict Choices ..offers a choice between toyota and chevrolet ..not a car and a subway..”: youtube.com – Noam Chomsky (2014): Markets Sharply Restrict Choices

  4. “..for Marxists ..ideas are a reflection of material reality ..to change the world ..must determine what conditions and what processes give rise to the evils they seek to destroy ..For every environmentally destructive company, product, or process that we shut down, another will return to its place—until we change the system that gives them their existence..”: marxist.com – The Environment, Consumerism, and Socialism | Environment | World

  5. Mark Phelan, I’d appreciate your not flooding my posts and drowning out other people who might want to engage (as with the last time). If you have a thought or two, that’s fine but flooding with links – especially ones that to me feel very dogmatic and propaganda-like – is not going to work here.

  6. Gideon Rosenblatt right on, thanks for the interesting posts

  7. Gideon Rosenblatt Thank you Gideon. Spammers, Marketeers, Ideologues BEGONE!

  8. WOW !!!

    Outstanding “Find” !!!

    Thanks Gideon Rosenblatt​

    Rise and Fall of American #BigAuto …

    #USBigBanks … Find something about …

    No one respects what Google Plus says *Yet” …

    I Repeat Yet !!!

  9. Yeah, and what’s more Coach G Moore is that we have an auto company like Tesla, which is almost a mission disguised as a corporation, and its shareholders are being handsomely rewarded.

  10. REAL LIFE CASE STUDY: This Newbie-Friendly Formula Made Us $174.22 In 24 Hours With 100% FREE TRAFFIC And

    Just 6 Minutes Of Setup…

    6 Minute Profits

    warriorplus.com – warriorplus.com/o2/a/g2wjb/0

  11. Funny You mentioned this …

    I was thinking the last several days … This latest Car at approximately

    $35,000 …

    Will be Super High Demand in Nice Residential Area in America …

    WholeFoodsMarket has always had Charging Stations …

    Get Them Loud Cars out of My Home …

  12. Gideon Rosenblatt Ahhhh stated with great Poise and Graciousness!!

    MMMM, the Tesla comment. We never invest in the market for ethical reasons (??) do we ??

  13. You might find this interesting, MicheleElys MER​:

    en.m.wikipedia.org – Impact investing – Wikipedia

  14. Gideon Rosenblatt thank you, will read tomorrow night. Thanks for all the great posts and expanding our conceptual minds…………

    REading the first line…….. true. USAA does an ethical job.

    I was referring earlier to Wall street earlier.

    Another conundrum as AI/Transhuman and how we gauge our ethical nature and capitalistic country.

    The future is held in the balance of who and what consciousness will prevail

    As I once stated when we spoke many moons ago, about the merge of human and AI, I hope that species has a better understanding in consciousness!

    I won’t see it………can only hope!!!

  15. Sherry Bannister ?????

  16. #logo #minimal #simple #vintage #flat #business #retro #logodesign #style

    fiverr.com – digart94 : I will do minimalist logo design for $5 on http://www.fiverr.com

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign up here for the latest articles. You can opt out at any time.


Subscribe by email:



Or subscribe by RSS:

Subscribe-by-RSS---Orange-Background
%d bloggers like this: