Preview

Should Corporations Be Socially Responsible or Just Solely Profit Driven?

Good Essays
Open Document
Open Document
1943 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Should Corporations Be Socially Responsible or Just Solely Profit Driven?
Issue: Should corporations be socially responsible or just solely profit driven?

Bibliography
Ayn Rand. “the anti-industrial revolution” from the new left: The Anti0Industrial Revolution, Penguin Group New Zealand, Limited, 1996, 127-151

Joel bakan. “The Corporate rise to dominance” from The Corporation: The Pathological Pursuit of Profit and Power, Simon & Schuster, 2005, 5-27

John Steinbeck. “ The Grapes of Wrath: Chapter 5 “from The Grapes of Wrath, Josef Weinberger Plays, 2008, 32-41

Milton Friedman. “The Social Responsibility of business is to increase its profits” from business ethics: A Philosophical reader, Thomas I.White, ed(s)., Maxwell Macmillan Canada, 1993, 162-167

Edward Broughton,(2005, may 10) Environmental Health Retrieved on February 2nd 2011 http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1142333/ William Fray. jose A. Cruz-Cruz. A short history of the corporation. Connections. Retrieved on February 2nd 2011 http://cnx.org/content/m17314/latest/ Madhurjya Bhattacharyya(2010, june 6) Companies going green retrieved on February 1st, 2011 http://www.buzzle.com/articles/companies-going-green.html Harry Glasbeek (July 2003) The invisible friend: investors are irresponsible. Corporations are amoral. Harry Glasbeek puts two and two together - The Legal Fiction retrieved February 4th, 2011 http://findarticles.com/p/articles/mi_m0JQP/is_358/ai_105767345/ Issue: Should corporations be socially responsible or just solely profit driven?

The existence of corporations can be traced as far back as the late sixteenth century where they first emerged as joint stock companies, unlike the then dominant form of partnership business which required relatively small group of men, bonded together by personal liabilities and mutual trust, pooled their resources to set up businesses they ran as well as owned.( Joel Baker page 6).

The corporation was able to pool in more capital by allowing the public buy shares in the



Bibliography: Ayn Rand. “the anti-industrial revolution” from the new left: The Anti0Industrial Revolution, Penguin Group New Zealand, Limited, 1996, 127-151 Joel bakan John Steinbeck. “ The Grapes of Wrath: Chapter 5 “from The Grapes of Wrath, Josef Weinberger Plays, 2008, 32-41 Milton Friedman Edward Broughton,(2005, may 10) Environmental Health Retrieved on February 2nd 2011 http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1142333/  Madhurjya Bhattacharyya(2010, june 6) Companies going green retrieved on February 1st, 2011 http://www.buzzle.com/articles/companies-going-green.html that of the Bhopal disaster which happened in India, known as the world’s worst industrial catastrophe, it happened on December 3rd, 1984 after more than 40 tons of methyl isocyanate gas

You May Also Find These Documents Helpful

  • Satisfactory Essays

    This chapter went of many different things in a short amount of time. It delves into the time after the war to the full scale industrial revolution and the rise of the Robber Barons. Zinn also spares no expense when he expresses his opinion of the Barons. He also shows the effects that the Industrial Revolution had on the lives of the American people back then.…

    • 227 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    The Grapes of Wrath remains one of the greatest angry books. Its dominating idea is that of imminent, overwhelming anger. Steinbeck, as a responsible writer, was concerned with exposing a problem in all its complexity instead of arguing a single solution. In writing his novel, he decided to depict for the readers the insult and deprivation suffered by people like the Joads. To present the story of simple human beings while providing at the same time the social documentation. Steibeck's anger of the whole situation turns into a book to show an example of the fate of Joads and their problems while moving with the mass to…

    • 108 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The Nobel Prize winner for literature, John Steinbeck, in his novel, The Grapes of Wrath, illustrates the hardships of the migrant farmers as they moved from their homes. Steinbeck’s purpose is to establish how much the Joads and other migrant farmer families struggled during their journey and to . Through the use of personification, allusions and symbols, Steinbeck successfully gets his message across to his readers.…

    • 430 Words
    • 2 Pages
    Good Essays
  • Good Essays

    History CBA

    • 613 Words
    • 1 Page

    plant in Chernobyl, Ukraine experienced a nuclear meltdown. Around 100 people died as a result…

    • 613 Words
    • 1 Page
    Good Essays
  • Good Essays

    These companies are organized as corporations because ownership is divided into shares of stocks and they can obtain large amounts of resources…

    • 562 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The dust bowl was a tragic time in America for so many families and John Steinbeck does a great job at getting up-close and personal with one family to show these tragedies. In the novel, “The Grapes of Wrath”, John Steinbeck employed a variety of rhetorical devices, such as asyndeton, personification and simile, in order to persuade his readers to enact positive change from the turmoil of the Great Depression. Throughout the novel, Steinbeck tells the fictional narrative of Tom Joad and his family, while exploring social issues and the hardships of families who had to endure the Dust Bowl and the Great Depression. Steinbeck’s purpose was to challenge readers to look at the harsh realities around them for “the purpose of improvement”. The rhetorical strategies used in the “Grapes of Wrath” elicit a deeper understanding from its readers for the hardships these migrants faced and helped them to fight for a better way. (John Steinbeck, "Banquet Speech," Nobel Foundation, http://nobelprize.org/nobel_prizes/literature/laureates/1962/steinbeck-speech.html, Accessed 30 August 2013.)…

    • 1767 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    Lord of the Flies

    • 322 Words
    • 2 Pages

    A massive chemical plant explosion in Westbury factory on Tuesday early morning. A lot of families are suffering and some families are depressed.…

    • 322 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Some historians argue that industrialisation and its consequences politicised the working class. Politicised means becoming politically active, and having a proper political agenda. This essay will discuss how true the theory is, with first wave industrialism in Britain up until 1850 being the focus.…

    • 2134 Words
    • 8 Pages
    Better Essays
  • Good Essays

    I believe that Ayn Rand’s early and later life in Russia affected her in such a way that she was pushed to write Anthem. Ayn Rand, born in St. Petersburg, Russia lived through the Communist Revolution and saw the social change from words like ‘I’ to ‘We’ and ‘ Me’ to “Us”. Ayn Rand says in the preface of her Anthem, “I worship individuals for their highest possibilities as individuals, and I loathe humanity, for its failure to live up to these possibilities.(Rand, p. introduction) She saw what could happen if a country went fully into these ideas of collectivism, so she decided to write this book to show people the horrifying reality of what a country can become when it gets wrapped up in collectivism. In this paper, I will look back and examine…

    • 724 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The naturally emergent feedback mechanism of profit and loss coordinate man’s limitless want with reality’s scarce resources in the way man’s subjective valuation most demands. Industrious individuals succeed in this system only in so far as they can forecast and accommodate demand whilst mitigating loss, in so doing efficiently economizing on scarce resources. This system’s tragic downside however is the unavoidable surplus of dormant and scornful commissars. In their free time the commissars take it upon themselves to stir within the masses the sentiment that the efficient allocation of resources itself, or ‘profiteering,’ is guilty for the world’s scarcity of resources to begin with. Society appoints these commissars to bureaucratic posts regulating companies in their dominative economic sectors, ensuring they do not benefit society to an excessive degree. It is understood these commissars are more qualified to direct production, as the capitalists conventionally lack even the most rudimentary of gold-embroidered epaulet. Rand by contrast called for utterly unregulated markets, famously prescribing a “separation of state and economics.” This form of capitalism derived from Objectivism is termed laissez-faire, or ‘unfettered’ in common parlance. ‘Unfettered’ in this case means something like unfettered in the way…

    • 1598 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    The Industrial Revolution has flourished in our great country. As a result, we have become the greatest and most wealthy industrial nation in the world. It is a time of drastic changes and transformation from hand tools, and hand made items to machine manufactured and mass-produced goods. The Industrial Revolution is absolutely beneficial to the progress of the world; from the late 1700s, when it began, all the way to present day. Sacrifices have and are being made, however they have allowed technological advancements during these times, which in turn, is creating happiness, life opportunities, and an over-all, definite amelioration of life.…

    • 782 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Commercial Revolution

    • 1620 Words
    • 7 Pages

    Perry, Marvin. "Changes Bring a Revolution in Economic Life." A History of the World . Boston: Houghton Mifflin , n.d. 363-369.…

    • 1620 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Olson, J. S. (2001) Encyclopedia of the industrial revolution in America. Westport CT, Greenwood Press.…

    • 1013 Words
    • 5 Pages
    Better Essays
  • Good Essays

    D. Birch (2002). Social, Economic and Environmental Capital. Corporate Citizenship in a New Economy. Deakin University, Melbourne…

    • 1006 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Industrial Revolution

    • 1294 Words
    • 6 Pages

    The Industrial Revolution was a period from the 18th to the 19th century where major changes in agriculture, manufacturing and technology had a profound effect on the socioeconomic and cultural conditions of the world. The Industrial Revolution began in the United Kingdom as large deposits of coal and iron were found throughout the land which brought the rise of factories and machines, the idea then subsequently spread throughout the world. It was perhaps one of the greatest moments in human history, as it gave rise to industrialization and the switch from manpower to machine power. It completely revolutionized the world and forever changed the course of humanity. However, many scholars and historians believe that the Industrial Revolution’s benefits didn’t outweigh the negative impacts it brought upon the world. I for one believe that the benefits brought upon by the Industrial Revolution justify the negative impacts it had on the world. Without the Industrial Revolution, the world as we know it wouldn’t exist.…

    • 1294 Words
    • 6 Pages
    Better Essays