Tima Bansal

There is an ethical argument that says that firms are morally obliged to give back to the societies in which they exist. This responsibility arises for at least two reasons. First, firms are obliged to make a payment in kind for using society’s infrastructure, land, air, water, plants, and animals to generate profit. Second, they have a duty to reimburse society for the negative externalities their activities generate (e.g. noise, smell, congestion, toxic emissions, etc.). Corporations have been given the rights of an individual, and they have commensurate responsibilities.

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