Arguments against corporate social responsibility

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Question

Conservative economist Milton Friedman emerged with a set of arguments against corporate social responsibility. For example, he argued that in the free enterprise system, managers are responsible only to stockholders. Spending money on social projects wrongly appropriates money that belongs to them. It also robs consumers, who must pay higher prices for products. Friedman believed that this is "taxation without representation." Do you agree with Friedman? Please defend your answer with references from the required course textbook or other course materials.

Reference no: EM133889969

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