Describe The free market case against corporate social responsibility?

[Israt]

[DeDaR]

The free market case against corporate social responsibility
•The only social responsibility of business is to create shareholder wealth
•The efficient use of resources will be reduced if businesses are restricted in how they can produce
•The pursuit of social goals dilutes businesses’ primary purpose
•Corporate management cannot decide what is in the social interest
•Costs will be passed on to consumers
•It reduces economic efficiency and profit
•Directors have a legal obligation to manage the company in the interest of shareholders – and not for other stakeholders
•CSR behaviour imposes additional costs which reduce competitiveness
•CSR places unwelcome responsibilities on businesses rather than on government or individuals