February 6, 2025

Idealism is fine, but as it approaches reality the cost becomes prohibitive.

Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their shareholders as possible. Put another way, making dividends for shareholders is the sole task of corporate management. Forcing any social responsibility on corporations would undermine our free society.

Kim Campbell, the first female prime minister of Canada, was right when she said a 47-day-long election campaign (Imagine a campaign of only 47 days!) was not enough time to reconsider the nation’s social programs. But she was wrong to say so.