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- W4289718077 abstract "This chapter considers how arguments from previous chapters inform the ethics of corporate philanthropy. It also draws help from an unlikely ally, the libertarian economist Milton Friedman, notorious for his opposition to corporate philanthropy. The chapter argues that this controversial stance can be anchored in a democratic critique of corporate power. Because a firm’s shareholders, managers, and employees are already free to make donations in their individual capacities as citizens, allowing firms to donate in addition can objectionably multiply the public influence of their stakeholders. Furthermore, as firms typically command concentrated wealth, deploying that wealth for social purposes can afford them domineering influence over receiving communities. Finally, an inherent conflict between a commercial firm’s acquisitive and altruistic motives exposes vulnerable beneficiaries to mistreatment. The chapter reveals how corporate philanthropy can overcome this criticism and proposes that new developments in business that blend commercial and nonprofit aims invite further research." @default.
- W4289718077 created "2022-08-04" @default.
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- W4289718077 date "2021-10-21" @default.
- W4289718077 modified "2023-09-23" @default.
- W4289718077 title "Milton Friedman’s Corporate Misanthropy" @default.
- W4289718077 doi "https://doi.org/10.1093/oso/9780197611418.003.0007" @default.
- W4289718077 hasPublicationYear "2021" @default.
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