Although 1 agree that business should have a duty to serve the pubic, i disagree that this should be the primarily objective of business. Imposing affirmative social duties on business opens a Pandoras box of problems-for example, how to determine, what the public interest is in the first place, which public interests are most important, what actions are in the public interest, and how business duty to the public might be monitored and enforced. Government regulation is the only practical way to deal with these issues, yet government is notoriously inefficient and corrupt: the only way to limit these problems is to limit the duty of business to serve the public interest.
In sum, I agree that the duty of business should extend beyond the simple profit motive. However, its affirmative obligations to society should be tempered against the pubic benefits of the profit motive and against the practical problems associated with shouldering business with an affirmative duty to ensure the publics well-being.
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