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The Purpose Of Business In A Free Society

March 3rd, 2011 11:28 pm

What responsibility does business have to society?

Nobel prize recipient Milton Friedman and others have argued that a corporation’s purpose is to maximize returns to its shareholders, and that since only people can have social responsibilities, corporations are only responsible to their shareholders and not to society as a whole. Others have gone so far as to say that the role of business is to abolish poverty.

These ideas are colliding as we witness and debate the role of government in solving economic conditions and the role of business in influencing government policy. It seems that, if nothing else, both big business and government are losing the trust of the people as the roles of business and government are considered.

Many businesses embrace the idea of social responsibility and even have formalized corporate social responsibility statements.

State Farm Insurance, for example, states on the “Corporate Responsibility” section of its website that its mission is “… to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. We achieve our mission through the products and services we offer, as well as through our involvement in and commitment to the community. We make it our business to be like a good neighbor, helping to improve the quality of life in the communities where our associates live and work.”

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Mississippi – The Land of Magnolia Grandiflora

October 25th, 2010 4:54 am

Mississippi gets its name from the Mississippi River, which forms a delta outside the state, and is the heavily forested area of the state, as well. The entire state is quite low-lying and the highest point is only about 2,776 feet above sea level. It’s surrounded by a number of areas areas such as St. Louis Bay, Biloxi Bay, and Pascagoula Bay.

The pine vegetation in the State gives it a beautiful scenery, enriching its natural beauty. Other trees found in Mississippi bay areas include oaks, elm trees, cottonwood trees, pecan trees, and more. Some major attractions of Mississippi include:

Hurricane Katrina Memorial — It’s a monument which was erected to the memory of those who lost their lives in hurricane Katrina. It consists of a wave-shaped abstract structure made in mosaic. This structure is encased on all four sides by a black wall.

Petrified Forest — This is a small nature trail which takes you around a collection of petrified trunks of trees, inside a museum. This museum has a rock-shaped exhibit, which is the center of attraction at the museum. Children will enjoy the forest as they proceed on a treasure hunt. A live kangaroo is kept behind the museum for everyone to see.

Red Water Artesian Well — There’s a well in Shubuta with reddish-colored water. This water is said to have medicinal properties which helps in healing various ailments. It’s mineral-rich water, so the taste is quite unique.

Mammy’s Cupboard — This is an interesting and unique restaurant, which has been built inside the concrete structure of a woman’s 28-foot tall skirt. It was made around 1940 and still stands tall.

Mississippi Hot Springs — This area contains hot springs which are believed to have a miraculous healing effect and the springs are frequented by tourists all year long. It’s a relaxing and soothing place.