Critics of capitalism and Corporate America increasingly argue that corporations should follow socially responsible standards higher than that imposed by law.

Question

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This statement is true. Many critics of capitalism and Corporate America believe that corporations have a responsibility to society beyond simply following the minimum legal requirements. They argue that companies should strive to act ethically and contribute positively to society in areas such as environmental sustainability, social justice, and consumer protection. This concept is often referred to as "corporate social responsibility."

Critics of Capitalism and Corporate America Increasingly Argue That Corporations