Corporate Social Responsibility

Friedman painted an unrealistically thorough picture of what cordial line of work is. He portrays the social responsibility of corporations as something that should and will be done, regardless of the companys financial capabilities, or the will and benefit of the stakeholders.

tending(p) that his view and arguments are based on extreme situations, I dont think that he is correct in concluding that somatic social responsibility is taxation without bureau. In his piece of music The Social Responsibility of assembly line is to Increase its Profits, he gives the example of the business executive who prevents price increase to conflict inflation, provides employment to the more needy, irregardless of the qualifications. He calls this taxation without representation because the executive is imposing taxes on the stakeholders, and at the same time, decision making where to spend the money on. Then he goes on to dictate that taxation without representation was the battlecry of the American Revolution.

Let us without delay review how his argument flows: business executive does something extremely dandy because of social responsibility à taxation without representation à battlecry of the American Revolution. Therefore, if the business executive prevents increase in prices, there is the possibility of a revolution. This argument is faulty, because business executives do not do extreme things like prevent increase in prices to combat inflation.



They dont admit people based on their needs, but on their qualifications. only when this isnt what social responsibility of business is.

In Friedmans line of thinking, with his arguments, the social responsibility of business is indeed taxation without representation, which is a purpose truly un-American, or un-Filipino, for that case. He is correct in this sense. However, I cannot, at any cost, support such an idea. Business is business, its a rough world, full of tough competition. Its always the matter of honing your competitive advantage.

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