From the Free Market to the Share Economy

to read the articles by Christoph Lutge and Nils Ole Oermann, click on

In 1970 the economics Nobel Prize winner Milton Friedman argued the social responsibility of business was only maximization of its profits. This is not true any more today. The responsibility of businesses goes beyond profit maximization. More can be demanded of those with power – that jobs are created, good, innovative and very reasonable products or services are offered, that they pay into the social treasury and pay their taxes.

Maximum avoidance of taxes is not a sensible strategy. Big businesses should not seek the most profitable tax havens. Businesses operating in European or worldwide competition can be expected to contribute to a functioning community – in the scope of their possibilities. Big businesses now have greater possibilities and greater responsibility.

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