Veřejná správa a sociální politika 2023, 3(1):79-81
SHOULD WE ALLOW A PROFIT ON SOCIAL SERVICES PROVISION?
Every now and then, a discussion is brought up if private for-profit organizations providing social services should be allowed to make a profit from their services. In 2022 European Commissioner Schmit questioned private companies making profit on public services. “I think we are now in a process where finally the real idea of neoliberal capitalism has lost some attractiveness,” Schmit told EURACTIV, referring to the neoliberal economist Milton Friedman. In a 1970 essay, Friedman famously claimed that “the social responsibility of business is to increase its profits.”
Published: August 1, 2023 Show citation
This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.