A Brief History of Corporate Social Responsibility — and Why It Must Stop

Source: Foundation for Economic Education
by Kimberlee Josephson

“In today’s competitive landscape, CSR constitutes a management strategy that goes beyond corporate giving and charitable networks. In fact, as defined by the United Nations, CSR is quite distinct from philanthropy given that it takes into consideration the social and environmental impact of a firm in addition to an economic impact. An emphasis on the people, planet, and profit has become par for the course, and a variety of methods and forms of assessment regarding sustainability have come about for companies to prove their ‘good’ work. … What is ‘best’ and for whom it is best, though, is largely subjective and open to interpretation.” (05/23/21)