Outline
- social responsibility is against the interest of the business
- the ones taking on the responsibility would be imposing taxes on the other people in the business and then deciding how the taxes are spent
- this is wrong in two ways
- political principle: these are government functions, it is using the political mechanism
- acceptance of social responsibility is thus accepting the political mechanism more generally, it will lead to collectivism
- has bad consequences:
- the people spending the taxes are not experts on social objective spending
- the business would be outcompeted by businesses not adhering to social responsibilities
- thus the business only has the social responsibility to maximize profits in free competition without deception or fraud