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Arguments against Social Responsibility

The following are the arguments that are against social responsibility:
  1. Violation of Profit Maximization Objective: It is argues that business exists only for profit maximization. But it can be considered that if business maximizes profits by increased efficiency and reduced costs, it can best fulfill its social responsibility.
  2. Burden on Consumers: Investing and managing pollution control and environmental protection are very costly and requires huge financial investments. Therefore businessmen simply shift this burden of social responsibility to the consumers by charging higher prices. It is therefore considered unfair to tax the consumers in the name of social responsibility.
  3. Lack of Social Skills: Social problems differ from that of business problems and are difficult to solve without proper training and understanding. Therefore it is advisable for specialized agencies to solve social problems instead of business enterprises.
  4. Lack of Broad Public Support: Since public in general does not like business involvement or interference in social programmes, it is difficult for them to operate successfully. Full public confidence and cooperation is needed in solving social problems.

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