10 Milton Friedman Quotes That Defy Liberal Logic Explained
“There is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”
Contrary to popular belief, businesses exist to make money. No entrepreneur ever risked all he or she had to start a venture with the end goal of providing employees with health insurance. Even if a business participates in altruistic activities, it would be unable to do so if the business was not producing a profit. First things come first, and any business that begins by focusing on its generosity will likely fail before it ever has a chance to do the “good” it may have had in mind.
