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What argument against corporate social responsibility does Milton Friedman make?
EncofBizandFinance
that making business managers simultaneously responsible to business owners for reaching profit objectives and to society for enhancing societal welfare represents a conflict of interest
Wiki User
∙ 13y ago
Milton Friedman argues that the sole responsibility of corporations is to maximize profits for shareholders within the boundaries of the law. He believes that engaging in social responsibility activities diverts resources and ultimately harms society by undermining the competitive market system. Friedman also contends that individuals, not corporations, should take the lead in addressing social issues through personal philanthropy and volunteering.
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