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Thread: Which comes first: social responsibility or profit?

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[quote=TRAVELLERMIKE,248571]Any business enterprise needs to maximise the profitability of its operations in order to justify its continued existence...  if it does well at this it will supported by its owners chosing to invest further in growing the business' activities, if it does poorly the management will be damned for their failure, and any profits made will likely be diverted elsewhere.  The management must operate with proper regard for legal constraints but it is not their job to act in 'socially responsible ways' unless these contribute to the future profitability of the business.

Capitalist enterprise is a simple system which harnesses human initiative and labour and turns it into goods and services which people want, and which improve their lives. 'Social Responsibility' is the preserve of Consumers and Law Makers.  Of course 'Consumers' and 'Law Makers' tend to be human beings who may also be 'Owners' or 'Investors' in businesses. There are many examples of profits made industrially being applied to advance social standards, but this is rarely a 'Corporate' act.[/quote]

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