“Yes, eliminating regulation can help companies to increase their profits. But at what cost?”
Oath, which obliges them to do no harm and to uphold medical ethics. But companies, too, have an enormous capacity to do harm, and investments in corporate social responsibility initiatives or community projects do little or nothing to mitigate that harm or offset ethical breaches. If managers’ business strategies fail to reflect their companies’ social responsibility – or, worse, depend on ignoring it – they must be held accountable, just as rogue doctors are (or should be).
Leaders like Trump, who value protecting corporate interests above nearly all else, may be encouraging companies to believe that they have nothing to worry about. But they do. As the US opioid crisis shows, a bottomline mentality inevitably increases the number of people directly harmed by companies’ behavior. And those people can no longer afford to ignore the lasting damage done to their environment, communities, and families.