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! Sign up for our newsletter! We’ll be sending out links to all the stuff we recommended later this week. Find out more at thisdaypod.com This Day In Esoteric Political History is a proud member of Radiotopia from PRX. Your support helps foster independent, artist-owned podcasts and award-winning stories. If you want to support the show directly, you can do so on our website: ThisDayPod.com Get in touch if you have any ideas for future topics, or just want to say hello. Our website is thisdaypod.com Follow us on social @thisdaypod 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 Learn about your ad choices: dovetail.prx.org/ad-choices