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bopinion's profile
Bloomberg Opinion
Bloomberg Opinion
Bloomberg Opinion
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@bopinion

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Bloomberg OpinionVerified account

@bopinion

Opinions on business, economics and much more from the editors and columnists at Bloomberg Opinion.

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bloomberg.com/opinion
Joined December 2010

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    Bloomberg Opinion‏Verified account @bopinion Sep 18

    Fifty years ago this month, Milton Friedman published his famous essay in the New York Times Magazine arguing that: “The social responsibility of business is to increase its profits.” Two @bopinion columnists lay out their arguments for and against shareholder capitalismpic.twitter.com/rg2c1i4mwz

    8:36 AM - 18 Sep 2020
    • 122 Retweets
    • 341 Likes
    • Scott Levy Carlos Betsy Frank Matt Kuebler ™ Jacob Margarita iceBlue Amanda amy
    112 replies 122 retweets 341 likes
      1. New conversation
      2. Bloomberg Opinion‏Verified account @bopinion Sep 18

        Today’s critics misunderstand the 1970 admonition to put profit first, argues @MichaelRStrain. Corporations that have publicly moved away from shareholder capitalism are inadvertently demonstrating its durabilityhttps://trib.al/42CfPae 

        20 replies 62 retweets 147 likes
        Show this thread
      3. Bloomberg Opinion‏Verified account @bopinion Sep 18

        The concept misconstrues what an economy is for, counters @opinion_joe. Companies have laid off their workers, manipulated earnings, lied to customers and avoided taxes -- all in the name of maximizing shareholder valuehttps://trib.al/TColsna 

        20 replies 157 retweets 357 likes
        Show this thread
      4. Bloomberg Opinion‏Verified account @bopinion Sep 18

        So, what do you think? Was Milton Friedman right or wrong about shareholder capitalism?

        55 replies 66 retweets 70 likes
        Show this thread
      5. End of conversation
      1. New conversation
      2. Paul Kasriel‏ @mjcasserole Sep 18
        Replying to @bopinion

        And he was right. And throughout his career, Friedman tailed against crony capitalism.

        1 reply 0 retweets 6 likes
      3. Paul Kasriel‏ @mjcasserole Sep 18
        Replying to @mjcasserole @bopinion

        RAILED against crony capitalism, not tailed against it.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. troubledirishman‏ @troubledirishm1 Sep 18
        Replying to @bopinion

        There is no logical argument against the fundamental truth written fifty years ago. Creating wealth is the key to social and financial mobility for all.

        16 replies 0 retweets 21 likes
      3. Show replies
      1. New conversation
      2. Avi‏ @Hecht_Avi Sep 18
        Replying to @bopinion

        capitalism is like religion an addiction you can't stop😎

        1 reply 0 retweets 3 likes
      3. Arthur937  🇺🇸 🌊‏ @cschwengel Sep 18
        Replying to @Hecht_Avi @bopinion

        The stage of capitalism that we are in now is corrupt v

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. New conversation
      2. David Stehle‏ @davidstehle Sep 18
        Replying to @bopinion

        If you value money above everything else in life, then sure. But good people value more than just wealth. Even better people go a step further — value other things ABOVE wealth.

        2 replies 0 retweets 12 likes
      3. Show replies

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