Wow. I just read an interesting analysis by David Gelles. He writes for the New Times (Sunday Business Section). And, has also reported for the Financial Times, but, more importantly, has written the book “The Man Who Killed Capitalism”. |
Tag Archives: social compact
THE Letter
I started two days ago discussing the change in the way corporations work. That change started some 30 years ago, given the permission by Dr. Milton Friedman, when corporations abrogated the social contract (between business and its employees, between business and their local communities) that had obtained since the industrial revolution. But, just this month, the founder and CEO of the largest single investor in corporations, Laurence Fink of BlackRock, Inc., implored the executives of some 1000 firms in the US and worldwide to re-engage in that social contract.
The End of Friedman’s Doctrine?
After my missive yesterday, why would I believe there is a chance for change?