Do one or more models of the business-government-society relationship discussed in Chapter 1 apply to the historical era set forth in this case? Which model or models have explanatory power and why?
Answer to relevant QuestionsWith reference to the levels and spheres of corporate power discussed in the chapter, how did the power of Standard Oil change society? Was this power exercised in keeping with the social contract of Rockefeller’s era?Do you support KFC Corporation or People for the Ethical Treatment of Animals in this controversy? Why? Does GE under Welch illustrate a narrower view of corporate social responsibility closer to Friedman’s view that the only social responsibility is to increase profits while obeying the law?How should the line between commercial and noncommercial speech be drawn?What do the events in this story teach us about business ethics? About capitalism?
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