There is one and only one social responsibility of business — to use its resources and engage in activities designed to increase its profits.”
So wrote Milton Friedman, the great economist and Nobel laureate. Someone should tell today’s corporate leaders, who are responding to the age of Trump in part by spending energy on activities other than directly increasing profits. “Corporate social responsibility” has become the topic of the day, and chief executives are entering the political fray with unusual frequency. This has been happening since the early days of the administration of President Donald Trump. Some recent examples: Since the

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