Problem

Commercial disregard of social responsibility


Experimental visualization of narrower problems
Other Names:
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:
Maximising shareholders' returns gives the private sector more capital to invest, thus increasing employment opportunities and profits for all.
Problem Type:
F: Fuzzy exceptional problems
Date of last update
12.05.2000 – 00:00 CEST