Sunday, July 16, 2017

Friedman About Social Responsibility

I asked "have you read Friedman's famous article about the social responsibility of corporations?", the answer "no" might be disqualifying for comments about the role of government and businesses.

"Aside from the question of fact–I share Adam Smith's skepticism about the benefits that can be expected from "those who affected to trade for the public good"–this argument must be rejected on grounds of principle. What it amounts to is an assertion that those who favor the taxes and expenditures in question have failed to persuade a majority of their fellow citizens to be of like mind and that they are seeking to attain by undemocratic procedures what they cannot attain by democratic proce­dures. In a free society, it is hard for "evil" people to do "evil," especially since one man's good is another's evil."

Doing business is about you agreeing to buy what someone else wants to sell.  No coercion, voluntary exchange. There is no higher form of human interaction.

Government is the opposite - it has only coercion or threat of same to wield.

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