Final answer:
Long-term stability and profitability are strongly linked to social responsibility, as socially-conscious business practices foster a loyal customer base and mitigate future risks.
Step-by-step explanation:
Long-term stability and the long-term ability to make profits is indeed an argument for social responsibility. This is because businesses that engage in socially responsible behaviors tend to build better reputations, which can lead to a more loyal customer base and long-term profit sustainability. Furthermore, by addressing social and environmental issues, companies may mitigate risks that could otherwise harm their financial performance in the future.
A classic example of where this argument is contended is within the work of Milton Friedman, who in his 2007 piece argued that the primary social responsibility of business is to increase its profits. However, this view has evolved and the argument that incorporating social responsibility positively affects long-term stability and profitability is widely accepted in contemporary business practice and theory.