CSR VS, BE CSR actually exacerbates the problem of capitalism and ethics. The recent financial crises show the consequences of separating ethics from capitalism. The large banks and financial services firms all had Csr policies and programs, but because they did not see ethics as connected to what they do--to how they create value--they were unable to fulfill their basic responsibilities to their stakeholders and ended up destroying value for the entire economy Parmar. B L, Freeman.R. E. Harrison, J.s.. Wicks. A. C. Purnell. L colle, S(2010). Stakeholder theory: the state of the art. The Academy of Management Annals, 4(1): 403-445“CSR actually exacerbates the problem of capitalism and ethics. The recent financial crises show the consequences of separating ethics from capitalism. The large banks and financial services firms all had CSR policies and programs, but because they did not see ethics as connected to what they do—to how they create value—they were unable to fulfill their basic responsibilities to their stakeholders and ended up destroying value for the entire economy.” Parmar, B. L., Freeman, R. E., Harrison, J. S., Wicks, A. C., Purnell, L. & Colle, S. (2010). Stakeholder theory: the state of the art. The Academy of Management Annals, 4(1): 403-445. CSR Vs. BE