The belief that corporations should prioritize social responsibility over profits is misguided for two reasons. First, it falsely assumes that prioritizing profits means treating employees poorly. Second, companies that don’t make money risk not being able to pay their employees. Ultimately, the best defense for workers is for there to be a healthy and competitive market.
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Additional resources:
Read “Cheated by Collectivism,” by George Shultz, Michael Boskin, John Cogan, and John Taylor via Hoover Digest. Available here: [ Ссылка ].
Read “Some Thoughts on the Business Roundtable’s Statement of Corporate Purpose,” by George Shultz, Michael Boskin, John Cogan, and John Taylor via RealClearMarkets. Available here: [ Ссылка ].
Read “Social Responsibility of Business,” by Milton Friedman via the New York Times. Available here: [ Ссылка ]
Read “The Vogue of ‘Social Responsibility,’” by Richard Epstein via Defining Ideas. Available here: [ Ссылка ].
Listen to “The Corporate Responsibility Canard” with Richard Epstein via The Libertarian. Available here: [ Ссылка ].
Read “What Should Corporations Do,” by Raghuram G. Rajan via Project Syndicate. Available here: [ Ссылка ] ary/what-are-corporations-for-stakeholders-or-shareholders-by-raghuram-rajan-2020-10?barrier=accesspaylog.
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