Corporate Social Responsibility?

Milton Friedman stated, "There is one and only one social responsibility of business--to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."

What's your thought on this? Do you agree or disagree with this statement?

5 Answers

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  • Anonymous
    1 month ago

    that's true . corporations , by charter , have to make evermore profits , no matter what . that's what makes them evil .  . 

  • 1 month ago

    First, do your own homework.

    What your teacher is looking for here is if you can list social responsibilities and describe them.  An example would be a responsibility to employees, to provide employees with a fair wage and a steady job.

  • 1 month ago

    Corporations used to take into consideration their employees and the community where they were located.  Now they are only beholden to their stock holders. 

  • 1 month ago

    In today's climate, some social responsibility drives profits.

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  • Robert
    Lv 7
    1 month ago

    Absolutely.  It's your responsibility to be a good citizen.  It's corporate responsibility to manufacture the product you need to make your life better at a competitive price in order to create a profit for the stockholders and jobs for its employees.   You decided if you want to put a buck in the cup of the bum you have to step over on your way to work because he chooses not to take advantage of the city's dozens of free homeless programs.

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