"Companies which embrace Friedman’s model are now dependent on billions of taxpayer subsidies while those who follow the responsible corporate model turn out record profits and have high return on their shareholder investments. In addition, the companies have a higher employee morale, resulting in higher productivity, which again produces higher profits.
The problem with Milton Friedman’s premise is that its focus on profits as the immediate end of any action leaves little room for growth or development. The actions which Friedman dismisses as a “suicidal impulse” are instead the actions by which a company ensures its long-term viability. Companies which reinvest in the enterprise, through higher wages, better training, or regional infrastructure, are not stealing from their shareholders, they are ensuring their shareholders investments."