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    Investors, consumers, and workers are demanding that companies behave more responsibly and value communities, the environment, and workers in addition to profits. This represents the emergence of a new form of capitalism according to some. From the perspectives of Adam Smith and Milton Friedman, Smith may support companies serving broader societal interests while Friedman would argue that the only social responsibility of business is to increase profits.

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    Investors, consumers, and workers are demanding that companies behave more responsibly and value communities, the environment, and workers in addition to profits. This represents the emergence of a new form of capitalism according to some. From the perspectives of Adam Smith and Milton Friedman, Smith may support companies serving broader societal interests while Friedman would argue that the only social responsibility of business is to increase profits.

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    7 views1 page

    Week 6 Tutorial

    Uploaded by

    SpeedUpMusic
    Investors, consumers, and workers are demanding that companies behave more responsibly and value communities, the environment, and workers in addition to profits. This represents the emergence of a new form of capitalism according to some. From the perspectives of Adam Smith and Milton Friedman, Smith may support companies serving broader societal interests while Friedman would argue that the only social responsibility of business is to increase profits.

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    Bus 101 Week 6 Tutorial

    Lecture: The Nature of Capitalism (week 5)

    Schmidt, E, Investors, consumers, and workers are changing capitalism for the better by demanding
    companies behave more responsibly.

    The Conversation, published: July 24, 2019 9.38pm AEST Updated: August 20, 2019 (wk5 Reading
    Guide Bus 101)

    1. In your view would tutorial attendance and participation be improved if we at UOW offered a
    Cash incentive to students for attendance and responses in class? Give reasons for your response
    (make sure you have watched the video by Michael Sandel)

    2. Outline in your view of the major reasons for the growth of the Occupy Wallstreet movement.
    3. “A new kind of capitalism seems to be emerging, one in which companies value communities, the
    environment and workers just as much as profits.” Schmidt, E.
    Write a response from the perspective of both Adam Smith and Milton Friedman to this statement,
    outlining what you think would be the views of both individuals to the emergence of this new kind of
    capitalism.

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