famous essay
written half a century ago: “In a free society … 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, which is to say, engages in open and free competition without deception or fraud.” responsibility? The same essay gives some clues to Friedman’s thinking.
, defined as conformity with healthy market rules of the game. That means companies have a responsibility to compete based on the price and quality of their own products, rather than by tweaking laws and regulations in ways that disadvantage competitors. And their political participation must not subvert that responsibility to healthy competition.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
8 Companies Warning Their Employees to Stay Away From ChatGPTApple, Amazon, Wells Fargo, and others have instructed their employees to keep sensitive data out of ChatGPT—or even restricted it entirely.
Source: Gizmodo - 🏆 556. / 51 Read more »
Battle between 3-D printing companies Stratasys and Nano Dimension heats upNano Dimension launches tender offer for Stratasys stock just moments after Stratasys announced a deal to combine with Desktop Metal.
Source: MarketWatch - 🏆 3. / 97 Read more »
When Twitter’s Watching, Companies Behave BetterPeople often turn to social media to complain about shoddy customer service, defective products or mistreatment of employees. But how much impact do such posts on Twitter, Facebook or other platforms have?
Source: WSJ - 🏆 98. / 63 Read more »
Cannabis, hemp companies in fight over products like delta-8-THCCannabis, hemp companies fight over whether to ban or regulate intoxicating products like delta-8-THC
Source: ChicagoBreaking - 🏆 521. / 51 Read more »
Why Nvidia is suddenly one of the most valuable companies in the worldNvidia has for years made the computer chips that can run graphics-heavy video games. But several years ago, artificial intelligence researchers began using those same chips to run the powerful new algorithms that were causing breakthroughs in the field.
Source: washingtonpost - 🏆 95. / 72 Read more »
Companies are finding it’s not so simple to leave Russia; others are quietly staying putWhen Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment. Billions of dollars’ worth of factories, energy holdings and power plants were written off or put up for sale, accompanied by fierce condemnation of the war and expressions of solidarity with Ukraine.
Source: WashTimes - 🏆 235. / 63 Read more »