This isn't surprising to anyone who has paid attention to YouTube's growth strategy & lack of moral compass. But it's still shocking.https://twitter.com/Max_Fisher/status/1135529605530411008 …
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Let's take Friedman on his own terms & say that, given their mission to maximize profit, it's ethical for corporations to destroy the environment, spread Nazism & kiddie porn. In other words: business can have no real ethics, so the state has an obligation to regulate.
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Friedman's “The Social Responsibility of Business Is to Increase Its Profits” is actually a useful & true axiom; it dispels the illusions of morally decent businesses and philanthropy. It clarifies why a robust social democracy is the only way forward.
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End of conversation
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That article was required reading in my Philosophy 1001 class. And now we see the results.
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Perhaps some flaws in Milton Friedman’s teachings were illustrated by the 2008 financial crisis.
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