But the change is not just cultural, after Friedman et al. came a wave of deregulation and changes in the tax system. Deregulation that allows businesses to get away with bad business practices, and a tax system that resulted in the skyrocketing of CEO pay. CEOs became not just well-paid employees anymore, but actual part of the shareholder class.
We need to at least get back to post-war capitalism where businesses were more regulated, the tax system was progressive, and the economy grew more than ever.
But the change is not just cultural, after Friedman et al. came a wave of deregulation and changes in the tax system. Deregulation that allows businesses to get away with bad business practices, and a tax system that resulted in the skyrocketing of CEO pay. CEOs became not just well-paid employees anymore, but actual part of the shareholder class.
We need to at least get back to post-war capitalism where businesses were more regulated, the tax system was progressive, and the economy grew more than ever.