The Sins of the CSR Movement: Errors in CSR
Strategic Corporate Responsibility and Green Management
ISBN: 978-1-80071-447-2, eISBN: 978-1-80071-446-5
Publication date: 23 August 2023
Abstract
CSR, as a social and political movement, misunderstands the modern market economy. The purpose of corporations or publicly traded companies is not to reduce risk or liability but to promote risk. CSR distorts the role of corporate officers (not the distribution of company assets). It misunderstands the role of capital markets, promotes illegal and irresponsible behaviour on the part of some corporations, destabilises national and world economies, promotes the growth of the deep bureaucratic state and leads to crony capitalism. It encourages the false belief in a utopian social technology; inhibits economic and scientific growth; and misplaces the responsibility for failed states and cultural retardation.
Keywords
Citation
Capaldi, N. (2023), "The Sins of the CSR Movement: Errors in CSR", Gupta, A.D. (Ed.) Strategic Corporate Responsibility and Green Management (Critical Studies on Corporate Responsibility, Governance and Sustainability, Vol. 16), Emerald Publishing Limited, Leeds, pp. 59-68. https://doi.org/10.1108/S2043-905920230000016004
Publisher
:Emerald Publishing Limited
Copyright © 2023 by Emerald Publishing Limited