Posted 2 years ago on May 10, 2012, 2:26 p.m. EST by niphtrique
from Sneek, FR
This content is user submitted and not an official statement
Wealthy people on average are less compassionate while economic freedom is often perceived as a freedom from responsibility and commitment to a society. It may therefore not be a coincidence that psychopaths are over represented on Wall Street and in boards of multinational corporations. The economist Milton Friedman strongly opposed the idea that corporations have a social responsibility. In his work Capitalism and Freedom he wrote:
"The view has been gaining widespread acceptance that corporate officials have a “social responsibility” that goes beyond serving the interests of their stockholders or their members. This view shows a fundamental misconception of the character and nature of a free economy. In such an economy, there is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game ... Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible."
The consequence of the position of Milton Friedman is that whenever there is a profit in killing people, corporations have a moral obligation to do so. If it is against the law to kill people, corporations have a moral obligation to bribe politicians into changing the law. Nothing should get in the way of a good profit. This is Capitalism in its purest form. We see it everywhere around us: the destruction of nature, the wars for the benefit of the military industrial complex, speculation in food leaving the poorest prone to famine, the selling of deadly pharmaceuticals and the assassination of leaders that do not generate enough profits for the oligarchy. It is the ultimate result of markets being amoral and traders having stretched their moral values to maximise profits.