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The Responsibility of Business
In the late 19 seventies, a milton freedman theorize that the responsibility of business was to maximize profit within the bounds of the law. The use of mass layoffs on a regular basis, on an annualized basis, to balance the books did not exist in the united states prior to the 19 eighties. It was popularized in the eighties and nineties by ceos like jack welch of g e and those like him. And things like rankin yank have done great damage to our economy.