Shareholders' capitalism has over the years been used to justify bamboozling customers, squeezing workers, avoiding taxes and lavishing stock options on executives.
India’s policymakers need to ensure that labourers, and milk and newspaper delivery workers, do not have to sacrifice food just to keep a roof over their heads.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
New Delhi: India’s air defence systems intercepted and destroyed 1,000 drones and missiles launched by Pakistan on 9 May during Op Sindoor, Prime Minister...
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
“There is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” – Milton Friedman.
This is what Friedman said, focus on the last part of the statement. Before calling out Friedman on how he was wrong and attributing examples of corporate fraud to his statement at least do proper research.
“There is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” – Milton Friedman.
This is what Friedman said, focus on the last part of the statement. Before calling out Friedman on how he was wrong and attributing examples of corporate fraud to his statement at least do proper research.