Friday, January 20, 2012
Blog 2
As we discussed in class today, I do believe that the laws for corporations today do need to encompass a sense of social responsibility. However, then we must return to Milton Friedman's argument of social responsibility and morals. If laws are reformed to incorporate social responsibility and morals, then who makes the decision on what is moral and what is not. This world is made up of many different people, with different backgrounds, values, and belief systems. Therefore, reforming laws to include morals and social responsibility would be a very tall task. Again, I believe it needs to be done, but I'm not sure that you can create laws that are able to protect the interests of everyone.
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I agree that corporations need to become more socially responsible. There is way too much environment, employee, and even customer miss-treatment. As for delegating who is responsible for making these necessary changes I think the CEO of the company is in charge of determining what is moral and what is not. Even though ultimately they are looking to do what is best for their company, some common sense judgments need to be made on his or her part to simply better the world. True, everyone is different, and you will not always be able to meet everyone’s needs. In these instances the CEO needs to look towards the common good for the largest amount of people. If he or she is not able to do this, than in my opinion he or she should not be leading the company.
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