It’s September 14th. This day in 1970, economist Milton Friedman pens an op-ed in The New York Times making the case that a corporation’s primary goal is to increase shareholder value and profits.
Jody, Niki, and Kellie are joined by Noel King of “Today, Explained” to discuss how Friedman’s “shareholder theory” pushed back against existing ideas of corporate responsibility, and signaled a new vision for capitalism — and how the last forty years have reflected those values.
Noel is the host of a new series running in the “Today, Explained” feed called BLAME CAPITALISM. Check out the first episode now!
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Our team: Jacob Feldman, Researcher/Producer; Brittani Brown, Producer; Khawla Nakua, Transcripts; music by Teen Daze and Blue Dot Sessions; Audrey Mardavich is our Executive Producer at Radiotopia
Why William Henry Harrison Really Died (1841)
The Richmond Bread Riots (1863)
Truman Says He Won't Seek Re-Election (1952)
The Slaveowner Executed for Killing His Slave (1839)
DC Plants The Cherry Blossoms (1912)
Lincoln's Avenger And The Aftermath Of Assassination (1894) [[Archive Episode]]
Montana Enshrines a Right To Privacy (1972)
The First Government Shutdown Fight (1879)
The Shamrock Summit (1985)
FDR Says Bottoms Up (1933)
Kennedy's Latin American Marshall Plan (1964)
Hoover Almost Takes Over Baseball (1951)
When "Primary" Became A Verb (2004)
The Ask President Carter 1-900 Number (1977)
Hangers On Week: Al Smith and Remakes The Democratic Party
Hangers On Week: Jesse Jackson's Rainbow Coalition
Hangers On Week: Sowing The Seeds of Trump
Hangers On Week: Why Candidates Stick Around w/ Amy Walter
Malcolm X Is Assassinated (1965)
Dick Cheney Shoots His Friend In The Face (2006)
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