https://www.scmp.com/rss/507778/feed Peter Coclanis is Director of the Global Research Institute at the University of North Carolina. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Last month marked 50 years since Milton Friedman published in The New York Times Magazine his epochal essay “The social responsibility of business is to increase its profits” – making clear his idea that “the business of business is business”. But there is little cause to celebrate his defence of shareholder capitalism. In a repudiation, the influential US Business Roundtable adopted in August last year a new “statement on the purpose of a corporation”, signed by 181 CEOs “who commit to lead... https://www.scmp.com/comment/opinion/article/3108898/irony-sages-west-offering-stakeholder-capitalism-asia?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3108898/irony-sages-west-offering-stakeholder-capitalism-asia?utm_source=rss_feed Sun, 08 Nov 2020 14:30:09 +0000