Joseph Stiglitz An apparent move by big business to maximise stakeholder value sounds too good to be true [Editor’s note: As I observed in “Are Corporations Inherently Immoral?” (9 October 2015), the modes of operation that tend to maximize profits include (a) decreasing the cost of natural resources by, for example, (i) exploiting the environment, (ii) converting public land to private use, and (iii) evading the expenses of pollution cleanup or costs of environmental restoration; (b) decreasing the cost of human labor by, for example, (i) paying minimal wages, (ii)…
