Milton Freidman claimed that “the business of business is business.” In the latest issue of the McKinsey Quarterly, Ian Davis disagrees. He also speaks out against what he calls the “fuzzy” arguments of corporate social responsibility. He writes from somewhere in between these two “tired ideological positions” :
Several weeks ago Thomas Friedman spoke here at the IFC. Video of the event is now available online.
Ukrainian President Viktor Yushchenko is to disband the country's traffic police because it has proved impossible to stamp out corruption. He has ordered a decree to be drawn up abolishing the department, which employs 23,000 people.
Read the full story at the BBC website. This is the 'big bang' approach to corruption. President Yuschenko is also trying to eliminate swearing: