The Guardian view on the government’s corporate reforms: entrenching neoliberalism, not ending it | Editorial
A recent consultation on corporate reporting prizes the interests of shareholders over society. It’s a step in the wrong directionThe question of what corporations are for is deeply political. In a 1970 article for the New York Times, Milton Friedman argued that the “social responsibility of business is to increase its profits”. The idea that CEOs should worry about providing good jobs was “pure and unadulterated socialism”, he wrote. Friedman and his fellow neoliberals saw companies as vehicles for enforcing their…
Source: www.theguardian.com