Capitalism has been condemned for many of the world’s evils, from massive income inequality, human rights atrocities, to climate change. But self-interest was never the core idea of the economic system first codified by Adam Smith in the 18th century. Avarice became coupled with the heart of capitalism in the 1980s, fueled largely by Nobel prize-winning economist Milton Friedman’s theory that the singular goal of businesses is to maximize profits for its shareholders. In short, it was the argument that, in business, “greed is good“.Now, a new global alliance with Pope Francis as its moral leader, is pushing to rescue the heart of capitalism and reorient it as a force for social good. The fou
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