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To: Hojczyk

It’s hard to improve on Nobel-winning economist Milton Friedman’s insight in a now-famous 1970 column in the New York Times Magazine: “There is one and only one social responsibility of business — to use its resources and engage in activities designed to improve its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition, without deception and fraud.”


Concluding paragraph.


8 posted on 05/27/2022 8:05:51 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: PeterPrinciple

I agree with the gentleman completely. I don’t “get” the whole social responsibility thing. I’ve filled out more than one survey for my electric company, for example, that their responsibility is to provide reliable electricity. Period.

Let businesses take care of business, employees do their jobs, and everybody do their volunteer work and feel-good stuff on their own time.


32 posted on 05/27/2022 11:23:48 AM PDT by susannah59 ( )
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