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#1109 Vivek Ramaswamy On Using Money As A Weapon

The Pomp Podcast

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The ESG Movement and Stakeholder Capitalism

Milton Friedman famously said that the social purpose of a corporation is to pursue profit. The argument for stakeholder capitalism goes, as it goes, there's a quid pro quo. In return for those great gifts that society bestowed upon corporations and their shareholders, like limited liability, we have an ask. And the ask is that you, corporations and shareholders, have to be charitable in taking those social responsibilities into account too.

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