COVID-19 and a New Theory of Capitalism
In 1970, economist Milton Friedman published an idea that has driven capitalism for the last half-century: The only responsibility of a corporation is to generate profits for shareholders. That sole focus has produced distortions that have made many, including senior executives, increasingly uncomfortable and has led to an alternative formulation known as “stakeholder capitalism.” The […]
The Messaging Battle on COVID-19: Are Insurers Losing?
By Paul Carroll
I worry that the insurance industry is losing the ...