Milton Friedman, in his well-known 1970 article, The Social Responsibility of Business is to Increase its Profits,
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Milton Friedman, in his well-known 1970 article, "The Social Responsibility of Business is to Increase its Profits, "wrote:"[T]he executive is an agent serving the interests of his principal [the shareholders]."If business executives use corporate resources to benefit society they are, in effect, stealing from their shareholders instead of serving their interests: "spending someone else's money...imposing taxes, on the one hand, and deciding how the tax proceeds shall be spent, on the other. "How would a proponent of the benefit corporation answer this argument?
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