Investment in South Africa
In your judgment, were the possible utilitarian benefits of building the Caltex plant in 1977 more important than the possible violations of moral rights and of justice that may be involved? Justify your answer fully by identifying the possible benefits and the possible violations of rights and justice that you believe may be associated with the building of the plant, and explaining which you think are more important.
The possible utilitarian benefits of building the Caltex plant in 1977 were not more important than the possible -- or actual -- violations of moral rights and justice involved. The violations of moral rights and justices should have been prioritized. Looking back on the situation, of course, we have the benefit of knowing history, and the case of the South African apartheid is an exemplary case for the power of socially responsible investment movement.
In 1977, when the Caltex plant was built, the international action for socially responsible investment in South Africa had already begun (Magarell, 1979). The benefits to building the plant were several-fold: first, as its primary responsibility as a company, it could create more wealth for the stockholders; second, the by virtue of being an employer in a difficult economy, and employing blacks, the company could improve the lives of blacks in South Africa (Nickel, 1968). It could do improve the lives of black South Africans in two ways -- paying them fairly and treating them as equal to white employees. It could also provide a launching off point for black South Africans to mobilize against their government. The company could also be involved in politics and threaten to leave, using economic pressure to try to affect good in South African politics.
There were also several possible violations of rights and justice. The issue here was not the economic improvement of black South Africans, but black South...
Since they had so much invested in South Africa, they were in a position of power, and they could have used that power much more effectively. They might even have been able to bring change about sooner than it occurred. While they did not take their responsibility seriously, companies do have a moral and ethical responsibility to themselves, their communities, and their shareholders. The companies that do not recognize
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social corporate responsibility? The source of conflict CSR with profitability Opposing Friedman: The view of others In the article "the social responsibility of business is to increase its profits" by Milton Friedman, he takes the position that various corporations can never be socially responsible. He believes that it's only the people in the company who have responsibilities. Friedman (1970) suggests that the concept of social responsibility should be taken by corporate executives of
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