64. I agree that business has some obligation to the community and society in which it
operates. As it stands, however, the statement permits one to conclude that this
obligation should take precedence over the profit objective. By allowing for this
interpretation, the speaker fails to appreciate the problems associated with shouldering
business with an affirmative duty to ensure the publics well being.
The primary reason why I agree business should have a duty to the public is that
society would be worse off by exonerating business from social responsibility. Left
entirely to their own self-interest, businesses pollute the environment, withhold
important product information from consumers, pay employees substandard wages, and
misrepresent their financial condition to current and potential shareholders. Admittedly,
in its pursuit of profit business can benefit the society as well―by way of more and
better-paying jobs, economic growth, and better yet lower-priced products. However,
this point ignores the harsh consequences―such as those listed earlier―of imposing no
affirmative social duty on business.
Another reason why I agree business should have a duly to the public is that
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