Third, CSR is ethical and is being implemented by corporations. Second, CSR is unethical as the government is responsible for intervention in markets. First, CSR is unnecessary – good ethics is synonymous with good business. We distinguish between ‘weak’ CSR (where corporate profitability is enhanced by pursuing social and environmental objectives) and ‘strong’ CSR (where it is not) and consider four possible positions in relation to strong CSR. We consider whether public corporations can be ethical, using the notion of corporate social responsibility (CSR). Outrage over the well documented atrocities committed by his brutal regime led to the Congo Free State being abolished and replaced in 1908 by the Belgian Congo, a colony controlled by the Belgium parliament. The Congo Free State was created in the 1880s as the private holding of a purported, private charitable organization created by some European investors that was headed by Leopold II, whose personal control of the country was unrestrained. The example of King Leopold II of Belgium is provided as an example of why capitalism based on greed is not desirable because it is widely believed that he was responsible for the death of ten million natives of the Congo Free State, which makes him one of history’s most notorious mass murderers. In fact, they say, this is exactly what Adam Smith had in mind, as he was a strong believer in empathy and benevolence.

This paper’s authors argue that the only kind of capitalism that is good for a country is based on values and morals. One type of capitalism could be called “moral capitalism” or “conscious capitalism” the other kind of capitalism takes a “greed is good” approach this paper condemns. Both approaches are derived from the opinions of Adam Smith, the father of capitalism, who posited in The Wealth of Nations that universal self-interest and the “invisible hand” of the marketplace allocate scarce resources more efficiently and promotes social welfare better than any other economic system. In this paper it is argued that two kinds of capitalism are engaged in a great struggle in the United States.

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