Progressive Business Key Points
Progressive Business Key Points
- Most people wouldn't rather live in a world where entrepreneurs couldn't care less about human welfare.
- Progressive business is not a new idea.
- Two separate goals, profit maximization and social responsibility.
- "Profits above a "fair" level are an economic sin."
- Shareholder value maximization vs Managerialism (the 1980s).
- 'Managerial view' came in response to the New Deal (21st century).
- Needed to build a "moral economy."
- Social democracy
- "Social movements would be necessary if the goal is to raise the welfare of all citizens."
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