You may find yourself asking what the purpose is for business and what the goal is. According to American economist Milton Friedman, the goal of a business is to maximize profit for the shareholders and the shareholders get to decide what to do  with that money, so they could also engage in social responsibility but no company is obligated to unless the shareholders say so. He wrote this theory in 1970 in an essay called “A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits” and since then this has been the primary model of most businesses. 

Although his theory is good in heart there is much to say against his theory. He fails to mention anything about the responsibility a company takes on to the people who work for them, the communities that a business operates in, and lastly the environment which business has caused an extreme amount of damage too. Although many big corporations have changed their mind to focus more on maximizing profit for the stakeholders of a business and not just the shareholders, much of this philosophy still remains which can be damaging to the people.