Part One: Jack Welch Is Why You Got Laid Off
Behind the Bastards
00:00
The Importance of Corporate Responsibility
In Friedman's eyes, the only responsibility corporations have is to maximize shareholder value. This creates in the short term massive wealth for a small number of people. But it also leads to deindustrialization that by the early 1980s had caused unemployment in the country to increase to 10 times its pre Pinochet rate.
Transcript
Play full episode
