Compare and contrast the evidence presented by Freidman with that provided in the IPCC Fifth Assessment Report summary videos
Question
Course event
In 1970 Milton Friedman claimed that the only social responsibility of business was to increase profits. Compare and contrast the evidence presented by Freidman with that provided in the IPCC Fifth Assessment Report summary videos. In light of the available evidence, discuss whether you believe Friedman’s claim is valid.
Sample paper
Course Events
Milton Friedman has a very different perspective about the social responsibility of business compared with what we all consider to be right. According to Milton Friedman, the main role of a business is to make profit and not to give attention to any social interest of other people. In most cases, social responsibility activities are tasked with the corporation. This makes it hard to clearly identify the actual individual that is responsible for those social activities. In Friedman's views, in a private-property, free-enterprise system, a corporate executive is not the business owner, but an employee. The direct responsibility of this employee is not to society, but to his or...