Corporate Social Responsibility: A Threat to Free Market Economy
The article discusses how corporations should prioritize making profits above all else, according to the theory of Professor Friedman. It examines how in Japan, where employees have a strong influence on decision-making, the focus on profits can sometimes overshadow the interests of shareholders. The paper argues that while corporate social responsibility may not directly impact a director's actions, public support for it could indirectly affect corporate behavior and decision-making. Ultimately, the study suggests that enforcing social responsibility on corporations may have limited effects on their performance but could still pose a risk to the free market economy.