1. World problems
  2. Commercial disregard of social responsibility

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

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

Broader

Narrower

Aggravates

Aggravated by

Related

Strategy

Value

Unsociable
Yet to rate
Restriction
Yet to rate
Responsibility
Yet to rate
Irresponsibility
Yet to rate
Disregard
Yet to rate

SDG

Sustainable Development Goal #8: Decent Work and Economic GrowthSustainable Development Goal #10: Reduced InequalitySustainable Development Goal #12: Responsible Consumption and Production

Metadata

Database
World problems
Type
(F) Fuzzy exceptional problems
Subject
  • Amenities » Living conditions » Living conditions
  • Commerce » Banking
  • Commerce » Commerce
  • Health care » Concern
  • Industry » Industry
  • Societal problems » Restrictions
  • Societal problems » Scarcity
  • Society » Communities
  • Society » Social
  • Content quality
    Presentable
     Presentable
    Language
    English
    Last update
    Oct 4, 2020