Excerpt
Excerpt
March 10, 2025, Opinion: "In his widely read 1970 article about the role of business in society, economist Milton Friedman justified the old adage that “the business of business is business” so confidently that more than 50 years later, according to the New York Times (which published the original piece), “his theories on the primacy of shareholders and the priority of profits still hold sway over large parts of the corporate world.” Friedman’s most famous line claims that in a free society, “there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.”"