Notesale: Turn your study into money

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In the article published over 40 years ago, Friedman
discusses how corporations should revolve their company around profits instead of having a social
conscience
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In accordance with this, Friedman claims that if corporate executives give in to the
demands of the public, they will be corrupting the free market economy
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” Friedman claims that if executives continue to meet with the
demands of social ills with company funds, he is performing a ‘tax’ duty and distributes the funds to
different operations
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” However, Friedman fails to address the idea that people in that industry may
choose to maintain aspects that increase the social conscience of the business, nor does he address
the idea that some employees or stockholders chose that particular business for their social
concerns
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For example, he claims that while corporations are making
their working environment more attractive to benefit the corporation in the short run, in the long
run it would benefit the business more if they were honest
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Business leaders can be “far-sighted and
clear-headed” when making internal business decisions, while being “near-sighted and muddleheaded” when making decisions about the business in general
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Friedman fears that is business continue to make these kinds of decisions then
this will be the death of businesses as people know it
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Corporate executives
will willingly take money from others to make their company look good to make a profit and to cover
the company’s mistakes

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