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
The Exploding Whale (1970)
"The Demon of Andersonville" Executed for War Crimes (1865)
An Explosion Rocks The Capitol (1983)
Elected While In A Coma (1980)
The Unmarked Grave (2019) w/ Joe Richman
The Americans Fighting In Spain (1938) w/ Adam Hochschild
The Donora Killer Smog (1948)
NOW is Next (1966)
Colin + Obama (2008) w/ Leah Wright Rigueur
"The Jazz Singer" and Hollywood Empire (1927) w/ Walt Hickey
Trump Shows Up In New Hampshire (1987) w/ Robert Fleegler
Carter Restores Jefferson Davis's Citizenship (1978)
"Operation Clark County" Totally Backfires (2004)
The Real Free State of Jones (1863)
The Scrub Bull Trials (1919)
The Poisoned Tylenol Panic (1982)
Italy Invades Ethiopia, World Freaks Out (1935) w/ Isaac-Davy Aronson
The Hiroshima Maidens (1955) w/ Josh Levin
Yeltsin Refuses To Leave The Plane (1994)
"Actually, You Forgot Poland" (2004)
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