For most of American history, businesses were run to provide livelihoods and "reasonable

For most of American history, businesses were run to provide livelihoods and "reasonable" profit. In the last few decades, though, business and society in the general have moved toward【M1】______ emphasizing profit maximization and individual self-interest. The transfer from "reasonable profit" to profit maximization has【M2】______ significant implications for corporate behavior. and government regulation. However, how society views the purpose of the【M3】______ corporation has significant implications not only for business, but also for the perceived responsibilities of its civilians, their【M4】______ interactions with each other, and their obligation to their fellow countrymen. Today, it is uncommon for corporations to direct their【M5】______ attention to serving for shareholder and management interests, and【M6】______ to achieving the highest short-term financial return. Not only has this view become commonplace in society and the economy, it has permeated educational institutions and affected how young people see the role of corporations. Lost in this orientation, though, is a sense of the corporation as a creature of the state, created and gave special powers and【M7】______ privileges by the state. The historic balance between "we" versus "me" has shifted dramatic toward a focus on self-interest at the【M8】______ expense of societal interest. The result has been a decline in broad social and economic values in favor of viewing the corporation solely a vehicle for personal financial enrichment. That view【M9】______ represents a significant shift from the historical—which the grant【M10】______ of corporate privilege was to advance public purposes such as building roads, bridges, and canals.

【M1】

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