Re: Social Responsability of Buisiness
Hi RDK, Thanks & respect for your response. I do agree with some of his thought processes.
I agree that clarity is important in any examination. I agree it makes sense to consider implications, that is, an integral part of any critical examination depends upon asking the question, 'Cui bono?' I agree it doesn't make sense to expect social responsibilities from 'business' as a whole or from a single legal fictitious entity known as a corporation.
The discussions of the "social responsibilities of business" are notable for their analytical looseness and lack of rigor. What does it mean to say that "business" has responsibilities? Only people can have responsibilities. A corporation is an artificial person and in this sense may have artificial responsibilities, but "business" as a whole cannot be said to have responsibilities, even in this vague sense. The first step toward clarity in examining the doctrine of the social responsibility of business is to ask precisely what it implies for whom.
I question the implications of this business model. A Corporation is a legal fiction. Its business model is designed to avoid liability & not to encourage social or any other type of responsibilities except for increasing profits.
I question his blind faith in 'market mechanisms' as being the only appropriate way. What does it mean to say the 'Invisible Hand of the Free Market' has responsibilities? Or, is 'acting' appropriately? What does this imply & for whom?
This is the basic reason why the doctrine of "social responsibility" involves the acceptance of the socialist view that political mechanisms, not market mechanisms, are the appropriate way to determine the allocation of scarce resources to alternative uses.
Last edited by Quinn; 05-12-2013 at 07:47 AM.
... for a person has not only perceptions but a will to perceive, not only a capacity to observe the world but a capacity to alter his or her observation of it - which, in the end, is the capacity to alter the world, itself. Those people who recognize that imagination is reality's master, we call "sages," and those who act upon it, we call "artists." Or "lunatics."
- Still Life With Woodpecker by Tom Robbins