It’s September 14th. This day in 1970, economist Milton Friedman pens an op-ed in The New York Times making the case that a corporation’s primary goal is to increase shareholder value and profits.
Jody, Niki, and Kellie are joined by Noel King of “Today, Explained” to discuss how Friedman’s “shareholder theory” pushed back against existing ideas of corporate responsibility, and signaled a new vision for capitalism — and how the last forty years have reflected those values.
Noel is the host of a new series running in the “Today, Explained” feed called BLAME CAPITALISM. Check out the first episode now!
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Our team: Jacob Feldman, Researcher/Producer; Brittani Brown, Producer; Khawla Nakua, Transcripts; music by Teen Daze and Blue Dot Sessions; Audrey Mardavich is our Executive Producer at Radiotopia
Nelson Hackett's Escape -- and Return -- from Canada (1844)
The Great Upheaval (Railroad Strike Version) (1877)
Nativists vs Catholics in Philadelphia (1844)
Harriet Jacobs, Budding Author (1853)
Texas Opts In (1845)
The Great American Road Trip (1956) w/ Eddie Alterman
The Wrights Make Might (1909)
The Abramoff Scandal (2005) w/ Philip Bump
Stuck On 435 (1929) w/ Philip Bump
The Solar Panels On The White House Roof (1979)
The Dinner Where It Happened (1790)
The Pig War (1859)
Paired: HBCUs (w/ The Stoop)
Paired: Attica and San Quentin (w/ Ear Hustle)
Paired: The Moton School Strike (w/ Memory Palace)
Paired: Nuclear Mishaps (w/ Radio Diaries)
The Oprah-Oz Conundrum (from Oprahdemics)
Rosey Grier's Needlepoint for Men (1968)
The Dominion of Melchizedek (1993)
The Night Of The Johnstown Flood (1889)
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