If you haven’t seen documentary The Corporation, you must watch it . Amongst other things It explains how there really cannot be any non shitty corporations - so you have to look really hard to find small business that meet your needs.
The concept of “shareholder value” from the Milton Friedman playbook coldly permits any behaviour that increase profits.
He claims the fourth way (spending somebody else’s money on somebody else) is how the government works, and thus it’s wasteful, but what he fails to fucking account for is with how large most corporations are that the fourth way of spending money is effectively how corporations work, too. Some bean counter in accounting and some finance guys and a variety of middle managers are all spending somebody else’s money (the company’s money) on someone else (the whims of the CEO and the board).
He holds this example up as showing how government spending is always bad and inefficient and how corporate spending isn’t, but he’s a dumbfuck, they’re actually the same.
If you haven’t seen documentary The Corporation, you must watch it . Amongst other things It explains how there really cannot be any non shitty corporations - so you have to look really hard to find small business that meet your needs.
The concept of “shareholder value” from the Milton Friedman playbook coldly permits any behaviour that increase profits.
Side note, Milton Friedman wasn’t just an evil fuck, he was also in many ways kind of dumb as shit.
His “four ways of spending money” is a prime example.
He claims the fourth way (spending somebody else’s money on somebody else) is how the government works, and thus it’s wasteful, but what he fails to fucking account for is with how large most corporations are that the fourth way of spending money is effectively how corporations work, too. Some bean counter in accounting and some finance guys and a variety of middle managers are all spending somebody else’s money (the company’s money) on someone else (the whims of the CEO and the board).
He holds this example up as showing how government spending is always bad and inefficient and how corporate spending isn’t, but he’s a dumbfuck, they’re actually the same.
I wish I believed in Hell, because the idea of Milton Friedman getting raked over hot coals for eternity is extremely satisfying.