Few trends could so thoroughly undermine the very foundations
of our free society as the acceptance by corporate officials of
a social responsibility other than to make as much money for
their stockholders as possible. -- Milton Friedman
It's the function of the corp. to make profits and pay taxes, it's the
function of the govt. to set the ground rules of the game and use the taxes
to meet social needs. Govts are elected; corporations are not. When corps
begin to decide "social responsibility" then clearly they may have their
own unelected agenda. When I buy Proctor and Gamble or Kellogs or Kraft
products I really don't want them deciding social responsibility. Just turn
out a quality product, pay taxes and treat the workers in a fair manner.
The govt. can and should do the rest. So I agree with Milton.
-----Original Message-----
From: [email protected]
[mailto:[email protected]] On Behalf Of Mike Spencer
Sent: Monday, October 26, 2009 12:20 PM
To: [email protected]
Subject: [Futurework] Re: Well, it's a nice thought...
> University of Ottawa MBAs swear oath in Canadian first
>
> by Glen Mcgregor, The Ottawa Citizen, October 26, 2009
>
> OTTAWA: About two dozen masters of business administration graduates
> stood together Sunday and recited an oath of ethics.... to conduct
> their affairs ethically and work toward the well-being of all
> stakeholders and not just their shareholders.
Beth David Cemetary on line two, something about seismic activity and
steam ventng around some grave or other, something Friedman I think
they said.
> The oath is entirely voluntarily and in no way binding on anyone who
> takes it.
Oh, well. That's alright then. No smiting off of hands or heaping
with burning coals or forensic audits or anything like that. No
problem.
-Imafa Kinasso, Epist. Eng., MBA
Scotia Center for Advanced Monetary Studies
---
Few trends could so thoroughly undermine the very foundations
of our free society as the acceptance by corporate officials of
a social responsibility other than to make as much money for
their stockholders as possible. -- Milton Friedman
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