Pic Of The Moment: Republicans Act To Keep Drug Prices High

[Fortinbras Armstrong]

18. In 1970, the libertarian economist Milton Friedman wrote an op-ed for the New York Times

In which he wrote, "There is one and only one social responsibility of business — to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."

This has been taken by the people running corporations as meaning that the sole responsibility of business is to maximize profits.

As another economist, John Kenneth Galbraith, said, "The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness."