Terence Corcoran: Milton Friedman is right

Terence Corcoran
National Post January 18, 2019
Milton Friedman is right, profit is a company’s only purpose

Terence Corcoran takes on the Nobel economist’s growing league of critics, arguing companies that focus on making shareholders money are just what society needs

In his inimitable way, and with a Canadian union twist, Jerry Dias is on a mini-crusade to overturn the foundations of modern corporate capitalism. As the president of Unifor ratchets up his actions against General Motors Co. over its plan to close the automaker’s Oshawa, Ont., assembly plant, he is deploying some of the ideas from the burgeoning movement to replace profit maximization with a greater focus on employees, communities, social issues, national impacts and global concerns.

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Milton Friedman: The Social Responsibility of Business is to Increase its Profits

Milton friedman
The Social Responsibility of Business is to Increase its Profits
The New York Times Magazine
September 13, 1970

When I hear businessmen speak eloquently about the “social responsibilities of business in a free-enterprise system,” I am reminded of the wonderful line about the Frenchman who
discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enterprise when they declaim that business is not concerned “merely” with profit but also with promoting desirable “social” ends; that business has a “social conscience” and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers. In fact they are–or would be if they or anyone else took them seriously–preaching pure and unadulterated socialism. Businessmen who talk this way
are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades.

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Homelessness: Harvey

The Giver: A community builder in Abbotsford’s homeless community

A WAY HOME: Harvey Clause wants to build a life helping those around him

“My mind’s a bit like the clouds out there right now,” Harvey Clause says, gesturing toward the fog hanging low over Gladys Avenue, when asked how he’s doing. “It might clear up this afternoon,” he adds with a characteristically anxious laugh.

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Abbotsford News re: Proportional Representation

My proportional representation voting package arrived the other day.

I will be voting NO as should everyone, including those who support proportional representation, because the process is so flawed that NO is the only option where there is any certainty as to the electoral process we are voting for.

Roadmap Understanding NDP proposal

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