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Corporate Ethics and Corporate GovernanceThe Social Responsibility of Business Is to Increase Its Profits

Corporate Ethics and Corporate Governance: The Social Responsibility of Business Is to Increase... [When I hear businessmen speak eloquently about the “social responsibilities of business in a free-enterprise system”, I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enterprise when they declaim that business is not concerned “merely” with profit but also with promoting desirable “social” ends; that business has a “social conscience” and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers. In fact they are — or would be if they or anyone else took them seriously -preaching pure and unadulterated socialism. Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Corporate Ethics and Corporate GovernanceThe Social Responsibility of Business Is to Increase Its Profits

Editors: Zimmerli, Walther Ch; Holzinger, Markus; Richter, Klaus
Friedman, Milton
Corporate Ethics and Corporate Governance — Jan 1, 2007
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References (38)

Publisher
Springer Berlin Heidelberg
Copyright
© Springer-Verlag Berlin Heidelberg 2007
ISBN
978-3-540-70817-9
Pages
173–178
DOI
10.1007/978-3-540-70818-6_14
Publisher site
See Chapter on Publisher Site

Abstract

[When I hear businessmen speak eloquently about the “social responsibilities of business in a free-enterprise system”, I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enterprise when they declaim that business is not concerned “merely” with profit but also with promoting desirable “social” ends; that business has a “social conscience” and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers. In fact they are — or would be if they or anyone else took them seriously -preaching pure and unadulterated socialism. Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades.]

Published: Jan 1, 2007

Keywords: Social Responsibility; Corporate Executive; Free Society; Union Official; Individual Proprietor

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