The world runs on individuals pursuing their separate interests.”[14] Friedman also laid down as an ironclad rule that “there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits.”[15] Note the use of the phrase “social responsibility”: Friedman believed to his bones that self-interested, minimally regulated corporate capitalism is what’s best for everyone. Thus spoke not a mustache-twirling movie villain self-aware of his perfidy, bound to get his comeuppance by film’s end, but a theorist whose still-eminent
...more