Why did Milton Frideman disagree that corporations should have corporate social responsibility
Milton Friedman disagreed that corporations should have corporate social responsibility because he believed that the sole responsibility of corporations is to maximize profits for their shareholders. He argued that any other goal, such as promoting social good or environmental sustainability, would detract from a company's primary objective and ultimately harm society by misallocating resources.
Friedman believed that individuals, not corporations, should be responsible for addressing social and environmental issues through philanthropy and voluntary actions. He argued that when corporations engage in social responsibility activities, they are essentially using shareholders' money to pursue their own personal agendas, which goes against the principles of a free market economy. Friedman believed that the best way for corporations to benefit society was to focus on being efficient, innovative, and profitable, as this would lead to job creation, economic growth, and overall prosperity for society.