The confusion of Business Responsibility

Nader A Fahim Abdelrazik wrote…

Through the entire history of modern capitalism, the responsibility of businesses to solve social problems emerged as a core discussion of the role of business. Because businesses are powerful institutions that can use their capacities to address problems the political and social systems couldn’t solve, many theorists argued that businesses have a responsibility to act accordingly. But some, as the well-known economist Milton Friedman, considered this a distraction from the main role of business: making profits.

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