Wealth - Dustin Johnston Article V. Friedman, Milton 1....

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Dustin Johnston Article V. – Friedman, Milton 1. Milton Friedman, one of the most famous and respected economist in recent history writes about how business is not a person. That people have responsibilities, not corporations or businesses in general. That in corporations it’s the executives responsibility to do what the owners, deem correct. Not to be as socially responsible as possible. Friedman finds social responsibility in corporations as tantamount to theft of the owners time, money and resources if this responsibility costs the business. He continues to say that if it is the sole proprietors business which is donating the money to these social causes then it is fine. It is the business owners own money, not someone for whom he is working. Several times in the article Friedman compares being forced to be socially responsible is the beginning of forced socialism. 2. I agree completely, wholly and unconditionally with Friedman in this article. I do not believe I could have ever put on paper my exact thoughts in a more eloquent or as concise a manner. In the movie Wall
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This note was uploaded on 06/20/2011 for the course MGT 480 taught by Professor Lilly during the Spring '10 term at Sam Houston State University.

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Wealth - Dustin Johnston Article V. Friedman, Milton 1....

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