Do you agree with this statement “increasing share-owner value over time is the

Question

Do you agree with this statement “increasing share-owner value over time is the job our economic system demands of us. We live in a democratic capitalist society, and here, people create specific institutions to help meet specific needs. Governments are created to help meet civic needs. Philanthropies are created to help meet social needs. And companies are created to help meet economic needs. Business distributes the lifeblood that flows through our economic system not only in the form of goods and services, but also in the form of taxes, salaries and philanthropy.  

Explanation / Answer

Yes, I agree with the statement. Our economy in an intricate spider web connecting each individual aspect of society and in a democratic capitalist society , businesses are the lifeblood that keeps the entire system healthy. Companies whose focus is on providing value for the long term are doing more than merely increasing shareholder value.

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