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    David Benfell, Ph.D. (benfell@hcommons.social)'s status on Friday, 04-Aug-2023 15:41:39 JSTDavid Benfell, Ph.D.David Benfell, Ph.D.
    in reply to
    • GhostOnTheHalfShell
    • Radical_EgoCom
    • 🔶Mark Nicoll 3.5%🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇧🇪🇺🇺🇳

    @GhostOnTheHalfShell @duckwhistle @Radical_EgoCom

    1/2 The ethic was clearly different in the 1950s and 1960s. Corporate executives were more likely to recognize a duty to what we would now call "stakeholders," referring to employees and customers, as well as to shareholders.

    Then came neoliberalism. Milton Friedman came along and preached that their sole duty was to shareholders. And this is apparently now at least a quasi-legal requirement.

    There are so-called "B-corps," which I have not looked into and distrust on the same level with "carbon credits" (which I also haven't looked into). But supposedly, these recognize a duty to workers, customers, shareholders, and the environment.

    What I saw, when looking into, the so-called "Theory X"-"Theory Y" management style dichotomy, were a few things:

    In conversationFriday, 04-Aug-2023 15:41:39 JST from hcommons.socialpermalink
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