On the True Social Responsibility of Business

less than 1 minute read

As a requirement in my Corporate Ethics class, I came upon this Reason.com article on a debate on the true social responsibility of business. The participants, Milton Friedman, a noted libertarian economist, T.J. Rodgers of Cypress Semiconductors, noted as one of the world’s toughest bosses, and John Mackey of Whole Foods, social entrepreneur, try to answer the question: What is the true social role of businesses and corporations in the interest of promoting the overall good?

It’s a really insightful and level debate, bringing up very relevant arguments that force me to rethink my views on corporate social responsibility on both sides. It’s a long article that’s worth a good read, but for the impatient I made a shorter tl;dr version that includes my key takeaways. (click the image to enlarge)

Share your Thoughts