I think it’s a fine line. I admire companies that are socially responsible, but it’s hard to argue with Friedman when he says that it depends on whose idea of social responsibility you’re using. That gray area would make it a difficult path to pursue.

At the same time, some initiatives, like buying carbon offsets, may be the most profitable course – but actually reducing a companies carbon footprint would be better for the world. In that circumstance, I’d rather see the company try to improve the world. Shareholders can’t profit if there’s no world there to profit from. Thanks for the contribution. I really enjoy your blog.