All in Economy
Low-Income Neighborhoods Suffer Disproportionately During the Pandemic
The pandemic has only furthered the divide between the rich and the poor, making the American Dream even more mythical than it has already been. In a country of iniquities, where there is such relief to be able to go to a charity boutique so that you no longer have to choose between a warm coat for winter or putting food on the table, being poor is nearly a death sentence.
Op-Ed: An analysis of Milton Friedman's "Social Responsibility" essay, and its relevance in modern times
While Milton Friedman is correct in saying that a business’s end result should be to give value to its shareholders, he fails to see the bigger picture of value derivation. While profit may have been the sole focus of investors fifty years ago, it is no longer the only priority for shareholders. Social responsibility, a company’s public perception, their treatment of clients and employees, among other things, are what determine a company’s value in the modern world. To boil it down, it is no longer possible for businesses to deliver value or profit without committing to broader social responsibility as well.