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Economy

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Warpy

(114,551 posts)
Wed Sep 16, 2020, 07:29 PM Sep 2020

The 'free market' manifesto that broke America and led to Trumpism [View all]

On Sept. 13, 1970, the New York Times published the "essay heard round the world." In his manifesto, economist Milton Friedman argued that corporations have one - and only one - obligation: maximizing profits for shareholders.

Five decades after the "Friedman Doctrine" emerged, the American middle class is in tatters. Long before the coronavirus, millions of Americans were poor, sick and angry; perfect prey for Donald Trump's resentful demagoguery and racial scapegoating.

https://www.msn.com/en-us/news/politics/the-free-market-manifesto-that-broke-america-and-led-to-trumpism/ar-BB196Z5S?li=BBnb7Kz

Very readable article on how we got here and why wand whodunit, starting with that fraud Friedman. I'm just glad somebody besides me and a few people buried in left wing niche journals are writing about this. It was a long con and the biggest heist in history.

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