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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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5.2 Debate The Social Responsibility

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Q If your name begins with the letters A-K, you will be taking the position of Milton Friedman in the Anderson/Friedman debate. If your name begins with the letters L-Z, you will be taking the position of Ray Anderson in the Anderson/Friedman debate. Then write a statement that reflects how you think your commentator would answer the question, “Should businesses take responsibility for the social welfare of their communities?”  “Should businesses take responsibility for the social welfare of their communities?”

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From the perspective of Milton Friedman, there is no relation between businesses and social welfare towards communities, because he strongly believed that corporations are meant to focus only on profit generation and company growth, and social welfare should be left to government, as they are more capable of managing and outing their efforts in that. From his perspective, it is more of an on-paper approach and laced with ideas to give back to the community, while in reality, businesses do what they are best at: earn profit and cater to their area of expertise. If at all they talk of being involved with welfare, it is obvious that there would be some hidden agenda over the fact of actually reaching out.