ARGUMENT AGAINST SOCIAL RESPONSIBILITY OF PRIVATE COMPANY


Milton Friedman and Baumol  the great monetary economist of  our time held’s   that private  company are not in any way been social  responsible by  stating that it is not easy to fixed  social responsibility on practicable  terms because.
1.      It  is a matter of  public policy
2.      Lack of legal powers of the business member to be socially responsible.
3.      It leads to increment  on the price of  goods and services
4.      Private company are  not moral agent

5.      It can create conflict  between government  and businessmen because it will make them more  powerful if they assume social reason-ability
6.      There is no measuring tendency between  efficiency of the company  and social reason-ability
7.      Social responsibilities should be  preserved  only  for government  because  companies  pays  tax      
8.       It will  bring about Infringement  on the efficiency  of  the economic growth  if company assume  social responsible 
9.      Limited  expenditures of the  manager to coop with social  responsibly 
10. Social  responsibility ethical  not  constitutional.
All above is applicable to private companies in Nigerian and they should not be socially responsible. 
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