I didn't quite catch that...
A while ago, I mentioned a little claim that the Economist was far too lefty for certain tastes; a claim which I strongly disagreed with. And I disagreed with it largely because of leaders like this.
If companies need to be vigilant about the limits of CSR, the same applies even more to society as a whole. A dangerous myth is gaining ground: that unadorned capitalism fails to serve the public interest. Profits are not good, goes the logic of much CSR; hence the attraction of turning companies into instruments of social policy. In fact, the opposite is true. The main contribution of companies to society comes precisely from those profits (and the products, services, salaries and ideas that competitive capitalism creates). If the business of business stops being business, we all lose.
Who’da thunk it? Capitalism = good and Profits = necessary.
You don’t get much more sensible, or plainer, than that…
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