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?

2 Answers

Relevance
  • Amy
    Lv 7
    1 month ago

    Aggregating several people into a "corporation" does not absolve them of the social responsibilities they bear as human beings.

  • Mog
    Lv 7
    1 month ago

    I disagree. Greed is not a virtue. 

Still have questions? Get your answers by asking now.