Tuesday, November 3, 2009

Corporations Have NO Moral Responsibilities

Today I actually learned something interesting in my Business Law class. Business Law is taught by Professor King, who is an excellent professor and I highly recommend taking his class if available. Today we talked about corporations and how they have no moral responsibilities, and pursue profit at any cost. Corporations will not act in a socially responsible manner because they are programmed not to. They are all about making profit - for example if the only way the Body Shop gives a $1 to charity it is not because they want to help a cause it is only to sell more soap! Legally speaking, corporations cannot give out money unless they have an ulterior motive.

This is pretty obvious but it makes you question if it is right or wrong? It is socially accepted that corporations, especially large corporations
want to make a profit, at any cost but what does that mean for society? Should we buy the soap because we know that our money is going to charity but also helping large corporations make more money? What do you think?

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