How Environmental Destruction Is Built Into Corporate Design
A century ago, Henry Ford attempted to lower the price of the Model T and pay his workers better, famously saying:
My ambition is to employ still more men, to spread the benefits of this industrial system to the greatest possible number, to help them build up their lives and their homes. To do this, we are putting the greatest share of our profits back into the business.
The Dodge brothers, minority shareholders, sued. They demanded that Ford stop lowering prices and instead distribute the surplus as dividends. The court ruled in their favor, cementing the idea that a business is carried on primarily for the profit of the stockholders.