What fucking labour? The states have consistently farmed away those jobs to cheaper countries. The reason why America was so good in the mid 50s to late 90s was precisely because of factories. It allowed everyone to own a vehicle, home, and fund education. America's primary export is now consulting.
Yes, per Friedman, a company’s only social responsibility is to maximize profits for the company and maximize returns to shareholders. It’s obviously important to make a profit and to reward shareholders but who got the short end of the stick? Employees. Also because so many businesses only care about making money, they’re less interested in investing in their communities, a stark contrast from the 1950s-1970s. Before the Friedman Doctrine, a business took pride in donating to charities and looking to see what it could do to advance the health and well being of the community. The crash of 2008, unfortunately, did nothing to force companies to reassess their long-term goals other than making a profit.
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u/GrimmTrixX 6d ago
Educated people don't make good labor workers. They want us all dumb and complacent to run their factories. Lol