This article needs additional citations for the opposite of a business. Milton Friedman takes a shareholder approach to social responsibility. This approach views shareholders as the economic engine of the organization and the only group to which the firm must be socially responsible.
As such, the goal of the firm is to maximize profits and return a portion of those profits to shareholders as a reward for the risk they took in investing in the firm. Friedman argued that a company should have no “social responsibility” to the public or society because its only concern is to increase profits for itself and for its shareholders and that the shareholders in their private capacity are the ones with the social responsibility. The idea of the stockholder theory, some argue, is inconsistent with the idea of corporate social responsibility at the cost of the stakeholder. In left-wing social activist Naomi Klein’s book The Shock Doctrine, she criticizes the theory, saying most citizens become impoverished while corporate elites gain enormous wealth. Archived from the original on 2010-12-04. The Social Responsibility of Business is to Increase its Profits, by Milton Friedman”.
Archived from the original on 2012-10-13. Enter the characters you see below Sorry, we just need to make sure you’re not a robot. Enter the characters you see below Sorry, we just need to make sure you’re not a robot. Jump to navigation Jump to search “Ironic” redirects here.
A stop sign ironically defaced with a plea not to deface stop signs. Irony can be categorized into different types, including: verbal irony, dramatic irony, and situational irony. Verbal, dramatic, and situational irony are often used for emphasis in the assertion of a truth. Henry Watson Fowler, in The King’s English, says, “any definition of irony—though hundreds might be given, and very few of them would be accepted—must include this, that the surface meaning and the underlying meaning of what is said are not the same. The use of irony may require the concept of a double audience. The term is sometimes used as a synonym for incongruous and applied to “every trivial oddity” in situations where there is no double audience. Sullivan, whose real interest was, ironically, serious music, which he composed with varying degrees of success, achieved fame for his comic opera scores rather than for his more earnest efforts.
This sense, however, is not synonymous with “incongruous” but merely a definition of dramatic or situational irony. It is often included in definitions of irony not only that incongruity is present but also that the incongruity must reveal some aspect of human vanity or folly. Thus the majority of American Heritage Dictionary’s usage panel found it unacceptable to use the word ironic to describe mere unfortunate coincidences or surprising disappointments that “suggest no particular lessons about human vanity or folly. The term irony has its roots in the Greek comic character Eiron, a clever underdog who by his wit repeatedly triumphs over the boastful character Alazon. The Socratic irony of the Platonic dialogues derives from this comic origin. Aristotle mentions Eironeia, which in his time was commonly employed to signify, not according to the modern use of ‘Irony, saying the contrary to what is meant’, but, what later writers usually express by Litotes, i.