Home Research PapersConversely, succeeds, it would reimburse taxes and spend profits.

Conversely, succeeds, it would reimburse taxes and spend profits.

Conversely, Milton Friedman claimed that the only social responsibility of
the business is to increase profits. He uses various examples throughout the
article to support his arguing. Friedman mentions widely about company’s high-powered
management and talks about how they always have an employer’s responsibility to
make as much money as possible while adhering to basic social rules. Also,
Friedman debating how only shareholders can focus their money. He elucidated
that shareholders will try to contribute to customer, employees, or other
shareholders against their “social cause” to maximize profit. In addition, Friedman
explains which is if a business succeeds, it would reimburse taxes and spend
profits. While performing company’s duties for its own benefit, “Social Responsibility”
is a nice legitimate way for a company to create well-wish. Friedman gets a
quote from his book and concludes this article, “the only social responsibility
of a business is to be participated in activities purposed to expand profits as
far as they use resources and remain within the rules of the game. They are a
free completion without fraud or deceit, and engaged in open.”

 

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