The Social Responsibility of Business
Milton Friedman discusses the idea that the only social responsibility of a business is to increase its profits within the rules of fair competition. He argues against the growing trend of businesses being seen as social organizations or charitable agencies. Friedman questions the ability of businesses to effectively allocate charitable funds and emphasizes the importance of profitability in creating value for consumers.In this clip
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EconTalk
Milton Friedman on Capitalism and Freedom
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