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Shareholder primacy is about forty years old rather than a natural law, and for centuries before it a corporation existed to pursue a specific beneficial purpose.

Drawn from what Eric Ries said

Subjectcapitalism
What this subject means

capitalism Markets as a system rather than a market: what it is for, what it costs, and what people mean when they say they are retiring from it.

Interesting
A private bookmark. Not a position, and never counted.

What Eric Ries actually said

Word for word, with the source under each one. They did not write this page.

  1. Eric Ries

    Author of The Lean Startup and Incorruptible

    this idea is old enough that we now have a generation of people who have been raised as if this was a natural law. This is how capitalism has always been. But that's wrong. For the vast majority of the time, for hundreds of years, we have had joint stock corporations. Only the last 40 have we had this idea.

    Where this was said

    Watch from 0:58:16 plays here

    ↗How Anthropic, Costco, and Patagonia all build incorruptible companies | Eric Riesyoutube.com

    video · 1h 39m · spoken · machine transcript

    All 24 korrents from this recordingthis one is 15th

Added to korrents 10 May 2026 · How quotes work · Something wrong? Tell us

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