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Friedman at 50: Is It Still the Social Responsibility of Business to Increase Profits?
California Management Review ( IF 10.0 ) Pub Date : 2020-04-15 , DOI: 10.1177/0008125620914994
Karthik Ramanna 1
Affiliation  

Fifty years ago Milton Friedman famously argued that the social responsibility of business is to increase its profits, which today are at record highs. And, as public institutions falter, business is now offering to step into the void. We must resist this (further) intrusion of business into the public sphere, as it will further depreciate civic institutions. The business of business is business, and so it should be. Business’ track record in public politics has been to engineer the rules of the game to its own advantage.

中文翻译:

弗里德曼(Friedman)现年50岁:增加利润仍然是企业的社会责任吗?

五十年前,米尔顿·弗里德曼(Milton Friedman)著名地指出,企业的社会责任是增加其利润,而如今,利润已创历史新高。而且,随着公共机构的步履蹒跚,企业现在开始涉足虚无。我们必须抵制企业对公共领域的这种(进一步)入侵,因为这将进一步使公民机构贬值。商业就是商业,所以也应该如此。企业在公共政治中的往绩一直是根据自己的利益设计游戏规则。
更新日期:2020-04-15
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