Milton Friedman Meets Whole Foods

Milton Friedman has passed. His time is passing, too. Not the time of the value of free markets, but the time that holds that the sole good (and purpose) of business is maximizing profits for investors. Evidence of the changing times can be found among other places in Open Source software movement and the Creative Commons approach to intellectual property.

Evidence is also found in an article in Reason Magazine last year — “Rethinking the Social Responsibility of Business: A debate featuring Milton Friedman, Whole Foods’ John Mackey, and Cypress Semiconductor’s T.J. Rodgers”.

With the most pressing problem facing the world today being the question of how do we live together (as a country, as a planet), which approach to business and social responsibility is most timely?

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