Sunday, November 20, 2005

Friedman and my midterm

Creeeping Collectivism!
creeping collectivism

Working on my midterm here and that same "Social Responsiblity" question came up again. if you'll remember, last time that question was posted on a test, I answered with some quotes from Milton Friedman, a Nobel Prize winning economist, who believed that social responsiblity was the Communists trying to tear down the capiltalist marketplace and steal our precious freedoms while polluting our bodily fluids.

So, here's the question again, and this time I acutally have the book, so I have to post something resembling a correct answer. Follows is my answer:

(sorry, no Friedman quotes this time - I have the book, so here is page 116)
Social responibility can be implimented by contributing time and money to charitible, cultural and civic organizations. Responsibility can also be demonstrated by limiting the impact on the environment their operatiosn make. Socially responsible companies hire a diverse workforce. They also adopt policies to contribute to the quality of life of their workers.

(Wow - the book never even mentions Friedman. I figure with a NOBEL PRIZE in economics, he'd be at least given short shrift, but no! just mealy mouthed comsymp statments like "most experts agree that socially responsible firms will eventually be rewarded by their markets and stakeholders" Holy bat, Crapman! Call Joe McCarthy - this book is part of the Red Menace!)

Last time I got the answer right - wonder what he'll do with this one. Click the Time and Date below to see the commets, where I posted the answer I used in the last quiz....
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