Social responsibility should guide economic decisionmaking from "summary" of The affluent society by J.K. Galbraith
The economic decision-making of a society is a crucial aspect that determines its overall well-being and prosperity. In the modern affluent society, it is imperative that this decision-making process is guided by principles of social responsibility. This means that economic decisions should not be made solely based on individual or corporate interests, but rather with the broader impact on society in mind. When economic decisions are made without considering their social consequences, the result is often a widening gap between the affluent and the less fortunate. This can lead to social unrest, inequality, and a breakdown of the social fabric. Therefore, it is essential that economic decision-makers take into account the needs and welfare of all members of society when making choices that will im...
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