Steven Mintz, the Ethics Sage, has written two quite intelligent essays on corporate social responsibility.
Steven Mintz, the Ethics Sage
The first was 8/24/2011. Entitled?What Are Corporate Social Responsibilities (CSR)? , the article is a basic description of the concept with the best paragraph being the following -
In a previous blog I made the case for increased regulation due to the narcissistic behavior of some on Wall Street. The Republicans seem to have short memories and are in denial as to the main cause of our economic woes. The public has lost billions in wealth as measured by losses in investments, retirement funds, and their home equity. Little regulation existed at the time to curtail risky behavior and corporate fraud including misleading and deceptive disclosures on real estate transactions. The expansion in business regulation is directly the result of unethical activities by corporate America with the result being Sarbanes-Oxley and Dodd-Frank. In short, corporate America has no one to blame but itself for the ?over-regulation.?
The following article appeared on 8/26/2011 and is entitled:?Social and Ethical Obligations of US Multinational Companies.
My favorite paragraph is the one explaining the Rights Theory. Here it is -
In ethics we sometimes use the Rights Theory to evaluate actions and decisions. We could apply the universality perspective to outsourcing by asking: ?Would I want other companies to shut down their US plants and move them overseas in similar situations for similar reasons?? In other words, if one corporation moves its plant overseas for cost savings, would I be comfortable if all corporations did the same? Taken to its logical conclusion this would mean a potentially catastrophic exodus of jobs from the US with all the related damages to our economy. Moreover, from a utilitarian perspective an argument could be made that outsourcing causes more harm through lost jobs and economic stagnation in the US compared to any utilitarian benefits that, after all, accrue mostly outside the US.
Generally, Professor Mintz and I agree on most things. However, in the first article he is more charitable to Milton Friedman than I am. I find Friedman?s theories about corporate purpose to echo Machiavellian ethics minus the idealism. I think they are a repudiation of the values of Western civilization and certainly all religious systems.
Aside from that, the Ethics Sage and I share a common opinion on the rest of the issues.
In all events, this is fine writing and deserves your attention.
I recommend you subscribe, at least favorite, the Ethics Sage and read him regularly.
James Pilant
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