CSR should not be Coercive Social Responsibility

The idea that private capital ought to further social goods beyond the direct interests of profit is a very appealing one. But the idea that Corporate Social Responsibility (CSR) should be mandated by law and enforced by the state is flawed. Capital’s primary responsibility is profitable investment. Through its activity it should be an engine of innovation and employment generation. It ought to work within the law and make sure that it does not inflict environmental damage.

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