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Diego Zuluaga
Policy analyst at the Cato Institute, discussing Milton Friedman's views on business.
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Oct 1, 2020
• 19min
Revisiting the 'Friedman Doctrine' on Business
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Diego Zuluaga, a policy analyst at the Cato Institute, passionately defends Milton Friedman's 1970 argument that businesses should prioritize profit. He dives into the ongoing debate between shareholder and stakeholder interests, highlighting how modern corporate leaders are re-evaluating this doctrine. Zuluaga also discusses the implications of social responsibility in business, using the Deepwater Horizon spill as a cautionary tale. He emphasizes the challenges of balancing profit generation with ethical obligations in today's complex economic landscape.
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