But that political process should be kept to a minimum and kept out of business. Friedman believes this applies also to "the newer phenomenon of calling upon stockholders to require corporations to exercise social responsibility." This is just one group trying to get some other people to do what that group considers important...
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He does allow, though, that a proprietor not a corporation is free to spend his money on good causes, even though it may affect customers, etc., because he has not monopoly. (If it is too costly he will cease to be competitive.) Finally, Friedman believes that some of the "social responsibility " that is talked about is just "window-dressing" and serves the interests of the company by enhancing profit...
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Title	Pages / Words	Save
Corporate Social Responsibility The alcohol industry issues warnings in their advertisements to “Drink Responsibly”; the tobacco industry has made its own attempt by no longer advertising towards children under the age of eighteen...	3 / 563
Social Responsibility Since they reap profits from those activities, it is only fair that they use a portion of that money to try and minimize the environmental damage. Social responsibility can also be a good long-term investment...	5 / 1190
Hershey Hershey worked hard to do what he achieved and in doing so built a multimillion-dollar industry.	1 / 265
Social Responsibility The first way is to use their ethical decision making to increase productivity. This can be done through programs that employees feel directly enhance their benefits given by the corporation, like better health care or a better pension program...	3 / 642