milton friedman

Corporate Persons Are Diagnosably Sociopathic

Corporate Persons Are Diagnosably Sociopathic

United States law has long declared that corporations are “persons,” not “natural persons,” like you and me, but “legal persons”, with many of the same rights as natural persons, including, thanks to the Supreme Court in 2010, the right to contribute unlimited amounts of money to political campaigns. So, since we probably have more dealings with […]

Rethinking How We Do Business: ‘Corporate Social Responsibility’ Is Not A Myth

Rethinking How We Do Business: ‘Corporate Social Responsibility’ Is Not A Myth

PHOTO: Women outside a Danone yogurt factory in Bangladesh Even though the Supreme Court has said corporations are “persons,” there are many who feel they have rights, but, unlike real people, very few obligations. As economist Milton Friedman said: “The sole purpose of business is to provide a financial return for their owners. By doing […]