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Time for Businesses to Return to Their Essential Purpose
In a recent opinion piece, Samuel Gregg and David Bahnsen argue that American corporations must refocus on their core mission of creating value for customers and generating returns for investors. The authors contend that companies should not be involved in politics or social activism, but instead prioritize their primary objective: doing business.
According to the duo, businesses are not designed to be political actors, lacking both democratic legitimacy and institutional competence for such a role. Instead, they emphasize the importance of maintaining high ethical standards, pursuing operational excellence, and upholding accountability to shareholders.
The authors stress that by focusing on their core purpose, businesses can create innovation, prosperity, and opportunities that benefit society as a whole. They urge business leaders to prioritize these goals and return to their essential purpose: making a positive impact through the products and services they offer.
In essence, Gregg and Bahnsen argue that businesses should stick to what they do best – creating value for customers and investors – rather than trying to play politics or engage in social activism.
Source: https://www.foxnews.com/opinion/time-businesses-return-essential-purpose
