It’s September 14th. This day in 1970, economist Milton Friedman pens an op-ed in The New York Times making the case that a corporation’s primary goal is to increase shareholder value and profits.

Jody, Niki, and Kellie are joined by Noel King of “Today, Explained” to discuss how Friedman’s “shareholder theory” pushed back against existing ideas of corporate responsibility, and signaled a new vision for capitalism — and how the last forty years have reflected those values.

Noel is the host of a new series running in the “Today, Explained” feed called BLAME CAPITALISM. Check out the first episode now!

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Our team: Jacob Feldman, Researcher/Producer; Brittani Brown, Producer; Khawla Nakua, Transcripts; music by Teen Daze and Blue Dot Sessions; Audrey Mardavich is our Executive Producer at Radiotopia