The mantra of shareholder value has harmed the U.S. economy and the American middle class. Let’s kill it.

Great article.

Since Milton Friedman came up with this stupid idea in the 70s and corporations adopted it, it’s been a race to the bottom for society as a whole. Stagnant wages, low quality product coming out of companies, etc. Even Forbes magazine called it “The world’s dumbest idea.”

It’s time to move on.

Source: It’s time to put the shareholder value myth in the grave. America will be better off

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