Arguments against Social Responsibility
Major arguments against social responsibility are:
(i) Violation of profit maximization objective: According to this argument, business exists only for profit maximization. Therefore, any talk of social responsibility is against this objective.
(ii) Burden on consumers: It is argued that social responsibilities like pollution control and environmental protection are very costly and often require huge financial investments.
(iii) Lack of social skills: All social problems cannot be solved the way business problems are solved. In fact, businessmen do not have the necessary understanding and training to solve social problems.
(iv) Lack of broad public support: Here the argument is that the public in general does not like business involvement or interference in social programmes. Therefore, business cannot operate successfully because of lack of public confidence and cooperation in solving social problems.