So, Who Killed Dead Lobster? 0
I blame the Chicago School, whose theories fed the notion that “return to shareholders” is the ultimate responsibility of a business, greater than maintaining the health and integrity of the business itself. This, in turn, provided a rationalization for looters to claim that, if looting a business increased return to shareholders, then, well, looting a business is a righteous act in the interest of the greater good.
Or, to put it another way, the Chicago School provided Sunday-go-to-meeting clothes for the Gordon Gekkos of the world, who proclaim that “Greed is good.”
