Inequality Is Bad For Everyone, Not Just

In The Early 1970s, Milton Friedman Argued That Corporations Should Not Be Socially Responsible Because They Had No Mandate To Be; They Existed To Make Money, Not To Be Charitable Institutions. But In The Economy Of The 21st Century, Corporations Cannot Be Socially Responsible, If Social Responsibility Is Understood To Mean Sacrificing Profits For The Sake Of Some Perceived Social Good. That's Because Competition Has Become So Much More Intense.

America Has Become The Most Unequal Society Among Advanced Countries, And Rich People Are Now Free To Spend As Much Money On Political Campaigns As They Wish.

I Started In The Law; And The Study Of Law, When It Precedes The Study Of Economics, Gives You A Set Of Foundation Principles About How Human Beings Interact. Economics Is Very Useful, And I Studied Economics In Graduate School. But Without Understanding The Social And Organizational Context Of Economics, It Becomes A Theory Without Any Groundwork.

The Liberal Ideal Is That Everyone Should Have Fair Access And Fair Opportunity. This Is Not Equality Fo Result. Its Equality Of Opportunity. There's A Fundamental Difference.

We Can't Know In Advance What History Is Going To Say, But I Would Be Utterly Amazed And Surprised If This Entire Adventure, This Entire Iraqi Invasion From The Beginning Of Its Inception, Were Not Judged To Be An Utter Failure And A Terrible, Terrible Thing For The World.