Acceptance Quote by Milton Friedman
“Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.”
About This Quote
Source Book: Capitalism and Freedom, 1962
Corporate officials should prioritize profit for shareholders over broader social responsibilities.
In simple terms: Profit over social duties.
Key Takeaway
Focus on shareholder value.
Themes
economics
corporate governance
free market
Mood
analytical
critical
Type
economic
philosophical
When to use this quote
- business strategy
- investment decisions
- policy debates
Key Concepts
capitalism
shareholder theory
Questions to Reflect On
- Should corporations balance profit with social good?
- What are the risks of ignoring societal needs?
A Different Perspective
Neglecting social impact can harm long‑term sustainability.
