Discuss the historical criticism of government involvement

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Reference no: EM133475495

Discussion Post: Business and Society

Introduction

Welcome to Unit 3, The Social Contract: Time to Redefine? A major corporate response to business criticism has been to redefine the social contract. A social contract is an agreement among individual people in a society or between the people and their government that outlines the rights and duties of each party. In the context of business, this demonstrates the agreement of what the expectations are for private enterprise within society. While this was once defined only by business shareholders, or those who were financially invested, it is now defined by many different stakeholders.

As you navigate through the unit (using the arrows), make sure you click on the different links, read through the content, and watch the videos. Consider any parts that are unclear to you, and make note of them in your learning journal.

Historical Shifts in the Social Contract

The reading will bring you through the historical shifts in the social contract, and will describe the pervasive influences that have made it look the way that it does today. Further, it will give you some ideas for how the social contract could be shifted and rewritten to be brought up to date for the current decade and beyond.

Read and take notes on the following:

Morrison, J. (2020, May 2). ‘Could 2020 be the year we finally rewrite the social contract?' As you read through the article, consider any terms that are unfamiliar to you and note them in your learning journal.

Worth, T. (2021, July 20). Rewriting the social contract. Leader's Edge.

Learn about a new ideal social contract.

Task

The first article, "Is it Time to Rewrite the Social Contract?" discusses the historical criticism of government involvement in business enterprise. The second article, Corporate Social Contract, presents a new ideal for capitalism and the social contract. Explain what level of social responsibility, if any, that you believe corporations should have. Explain your answer.

Reference no: EM133475495

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