Commercial disregard of social responsibility


  • Industrial processes geared to restricted social needs
  • Lack of corporate concern for community well-being
  • Socially uncommitted financial institutions

Nature

Corporate concern for profit-making overrides any concern for the well-being of employees and the community. Commercial behaviour regarding industrial processes, the extraction of resources, the production of goods and services and their distribution is so focused on economic factors that it fails to recognize responsibility for other needs. This behaviour has an impact on crime, the environment, social roles, education, law, politics, communications, transportation and the quality of life, and yet corporations either take no responsibility or at best reduce their responsibility to the payment of taxes. Liaison between economic and political structures is ineffective at the global level and adversarial at every other level. Because consumers and national governments are unable to demand accountability of industry, corporations are free to pursue their profit-oriented use of resources.

Counter claim

  1. Maximising shareholders' returns gives the private sector more capital to invest, thus increasing employment opportunities and profits for all.

Narrower

  1. Unethical practices of transnational corporations
  2. Unauthorized sale of personal information
  3. Short-term planning of product life cycles
  4. Self-interested industrial vision
  5. Regional maldistribution of industry
  6. Production serving false consumption needs
  7. Planning conflicts between political and industrial sectors
  8. Outdated production line methods
  9. Lack of social accounting in the business community
  10. Lack of relationship between wealth generation and the public good
  11. Lack of conservation of energy by the private sector
  12. Lack of business opposition to the arms race
  13. Irresponsible pharmaceutical advertising
  14. Insensitivity of transnational corporations to consumer needs
  15. Inadequate recall procedures for unsafe products
  16. Inadaptation of technology to man
  17. Imperialistic distribution system
  18. Excessive corporate debt
  19. Disregard for international ban on marketing unhealthy products
  20. Corporate self interest overriding community
  21. Corporate greed


© 2021-2023 AskTheFox.org by Vacilando.org
Official presentation at encyclopedia.uia.org