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Capitalism is type of economic system in which ways of production are privately owned. its a system that exists currently all over the world. The field of corporate social responsibility has been embraced my many corporate organizations in the world. it may be reasonable to argue that CSR is a n idea of Capitalist in the current world because when we look at the 18th century, Socialist came up with a form of responsibility to the society which later was convinced by capitalist which came to rule all the world corporate organizations.
Corporate organizations support social responsibility .............................. Continuing
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Corporate organizations support social responsibility but in an convincing way, they don't want to show it. A survey conducted by Davos (mostly business leaders) named CSR as the least important consideration than Profit. Its therefore evident that Capitalism is antithetical to social responsibility. Capitalists does not put much resourses in embracing CSR but are more concerned about the progress of the company,
New regulations are beneficial in every aspect of economy , protests ,government pressure enabes a corporate organization to behave in a manner that show how they appreciate the owners . Rules play a crucial part in removing any barriers of development. China for example implemented regulations (Capitalism) that upto date has seen the country move forward.
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