The Social Responsibility Of Business Is To Increase Its Profits
What would be a claim and supporting claims on the statement.
The social responsibility of business is to maximize profit within the rules of the game, i.e. without deception or fraud.
- The corporate executive acts as an agent not as a principal, i.e. s/he acts in the interests of the shareholders.
The sole goal of the shareholders is to maximize morally permissible profits.
Therefore the corporate executive who pursues goals other than maximizing profits is imposing unauthorized taxes on shareholders.
- Corporate executives have no democratic mandate to implement social policy.
In the absence of a democratic mandate the imposition of social policy is morally unjustified.
Corporate executives are morally unjustified in implementing social policy.
- Many actions motivated by profit further social good.
If the primary motive of an action is to maximize profit it is a mistake to describe its motivation to be the furthering of social good.
It is therefore a mistake to describe the self-interested actions of corporations which happen to further social good as instances of social responsibility.
Philosophy & Belief
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