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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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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God, I know SO many wingnuts who believe there is no higher moral value than increasing profits. Why not poison people if you can make money at it?
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So we’re all the Moral Majority now?
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But he was opposed to regulation because “free market”, or something.
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When we chose Friedman over Drucker, with a dose of Gordon Gekko for extra measure, we chose to design companies and economies for short-term gain, conditioning investors for growth instead of value. i'd rather teach Drucker mindset than regulate bad behavior.pic.twitter.com/RtLwfIpaWo
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Government can’t regulate “the spread of Nazism”. I doubt it can regulate innocent videos being repacked as kiddie porn either.
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Societal breakdown fueled by a strict interpretation of a director's and officer's fiduciary duty.
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Business is rational Government is national
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But as we see with fossil fuel companies & climate or Silicon Valley & Nazism, actual existing business owners have no such ethical custom.
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