The social responsibility of businesses is to increase its profits because businesses shouldn't have social responsibility, people should.
People complain that corporations and businesses have too much impact and control over our society (which I agree with) and then in the same breath complain that they don't take on enough social responsibility. These are incompatible statements. Businesses should not have any social responsibility other than doing the thing for which they exist: make money. All other social responsibilities, such as ensuring we live in free, fair, and just society, fall to the people and their representatives.
Unfortunately, in our current situation, the people's representatives have spinelessly kowtowed to businesses and corporations and are completely unwilling to embrace any such social responsibility. But the blame and fault for this lies solely at the feet of these representatives and their governments (and, to an extent, the people who continue to elect them).
People complain that corporations and businesses have too much impact and control over our society (which I agree with) and then in the same breath complain that they don't take on enough social responsibility. These are incompatible statements. Businesses should not have any social responsibility other than doing the thing for which they exist: make money. All other social responsibilities, such as ensuring we live in free, fair, and just society, fall to the people and their representatives.
Unfortunately, in our current situation, the people's representatives have spinelessly kowtowed to businesses and corporations and are completely unwilling to embrace any such social responsibility. But the blame and fault for this lies solely at the feet of these representatives and their governments (and, to an extent, the people who continue to elect them).