The Origin Of ‘The World’s Dumbest Idea’: Milton Friedman – Forbes

 

The origin of ‘the world’s dumbest idea’: maximizing shareholder value: The idea got going with an article by Milton Friedman in the New York Times in 1970. The economic consequences were disastrous.

Return on shareholder value (i.e.: quarterly profits) above everything else, jobs, wages, etc. is what’s destroying our lives. Even Forbe’s Magazine, the bastion of corporate America admits it!

Source: The Origin Of ‘The World’s Dumbest Idea’: Milton Friedman – Forbes

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