The desire of corporations to maximize profits creates conflict with the general welfare of the nation at large
Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with reasons and/or examples from your own experience, observations or reading.
The famous baseball player Yogi Berra once said, "In theory, there is no difference between theory and practice. But in practice, there is." In a capitalist economy or an economy that is driven by wealth, the sole aim of big Multi National Companies in such economies is to make a profit. In theory, one may assume that a part of this profit which is accrued by these big corporations will ultimately reach the Government by taxation and thus can be used for the general welfare of the nation. But in reality, the truth is far from this.
Private enterprises usually cater to the interests of the rich and the powerful. It is all but a childish dream to imagine that, these organizations, that are run and controlled by the rich and elite would want to invest the profits that they created to promote welfare activities for the public. It is a common behavior of all such institutions that they do not invest in a cause which does not give them returns. In fact, the tactics adopted by these organizations to maximize profits is directly at odds with social welfare.
For example, consider the movie industry. Some of the big production companies that aim to maximize their profits end up increasing the run time of objectionable contents of sex and violence in their movies. They hope to increase the viewership and earn more money, but end up doing a disservice to the society by morally corrupting the minds of young viewers.
Another example is how organizations that want to maximize profit make their employees work for long hours. This creates dissatisfaction among the employees and in extreme cases leads to somatic or psychological problems. It is also not uncommon that the employers under-pay their employees to maximize their profit. Further, to make more profit, organizations could lower the quality of raw materials that they use to make products. They could also create false but attractive advertisements to trap the gullible consumers. They might even compromise on the health and safety standards of their products to maximize profit.
And to top all this, an organization which wants to be profitable at any cost will end up corrupting the administrative system. To receive favors from the Government officials, these big companies pay bribes or commissions to Government officials and in return, these officials become mere puppets for these corporations. This becomes a vicious circle, and the money that is trapped in this circle will end up never trickling down for public welfare. These corrupt organizations become so powerful that they become influential in even making policy decisions for the Government.
However, outliers, though few, do exist. Some of the big corporations are involved and encourage their employees to participate in community building and other such activities as part of their corporate social responsibility (CSR) program. It is a laudable trend. Some big names in the industry, like Amazon and Facebook, are well known for their CSR activities. However, this trend is yet to catch on. We see how CEOs of some of the big firms, like Bill Gates, who are also some of the richest people in the world are well-known philanthropists. They set up scholarships in their names or in the names of their organizations, or contribute to causes like environment and education. Thus, change, however small is happening. It is up to organizations - both big and small -to realize this and perform their role responsibly.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2022-07-16 | Vaishnavi Dixit | 66 | view |
| 2019-12-27 | samruddh_shah | 50 | view |
| 2018-03-13 | Adarsh | 100 | view |
| 2018-03-13 | Adarsh | 16 | view |
| 2017-12-18 | Md17 | 50 | view |
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Grammar and spelling errors:
Line 3, column 43, Rule ID: SOME_OF_THE[1]
Message: Simply use 'some'.
Suggestion: Some
...r example, consider the movie industry. Some of the big production companies that aim to ma...
^^^^^^^^^^^
Line 4, column 412, Rule ID: USE_TO_VERB[1]
Message: Did you mean 'used'?
Suggestion: used
... the quality of raw materials that they use to make products. They could also creat...
^^^
Line 6, column 42, Rule ID: SOME_OF_THE[1]
Message: Simply use 'some'.
Suggestion: Some
...owever, outliers, though few, do exist. Some of the big corporations are involved and encou...
^^^^^^^^^^^
Line 6, column 421, Rule ID: SOME_OF_THE[1]
Message: Simply use 'some'.
Suggestion: some
... is yet to catch on. We see how CEOs of some of the big firms, like Bill Gates, who are als...
^^^^^^^^^^^
Transition Words or Phrases used:
also, but, however, if, may, so, thus, well, for example, in fact
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 23.0 19.5258426966 118% => OK
Auxiliary verbs: 9.0 12.4196629213 72% => OK
Conjunction : 29.0 14.8657303371 195% => OK
Relative clauses : 16.0 11.3162921348 141% => OK
Pronoun: 54.0 33.0505617978 163% => Less pronouns wanted
Preposition: 86.0 58.6224719101 147% => OK
Nominalization: 12.0 12.9106741573 93% => OK
Performance on vocabulary words:
No of characters: 2899.0 2235.4752809 130% => OK
No of words: 574.0 442.535393258 130% => OK
Chars per words: 5.05052264808 5.05705443957 100% => OK
Fourth root words length: 4.89472135074 4.55969084622 107% => OK
Word Length SD: 2.93514213579 2.79657885939 105% => OK
Unique words: 292.0 215.323595506 136% => OK
Unique words percentage: 0.508710801394 0.4932671777 103% => OK
syllable_count: 912.6 704.065955056 130% => OK
avg_syllables_per_word: 1.6 1.59117977528 101% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 18.0 6.24550561798 288% => Less pronouns wanted as sentence beginning.
Article: 5.0 4.99550561798 100% => OK
Subordination: 1.0 3.10617977528 32% => OK
Conjunction: 6.0 1.77640449438 338% => Less conjunction wanted as sentence beginning.
Preposition: 8.0 4.38483146067 182% => OK
Performance on sentences:
How many sentences: 30.0 20.2370786517 148% => OK
Sentence length: 19.0 23.0359550562 82% => The Avg. Sentence Length is relatively short.
Sentence length SD: 51.4689118681 60.3974514979 85% => OK
Chars per sentence: 96.6333333333 118.986275619 81% => OK
Words per sentence: 19.1333333333 23.4991977007 81% => OK
Discourse Markers: 2.16666666667 5.21951772744 42% => More transition words/phrases wanted.
Paragraphs: 6.0 4.97078651685 121% => OK
Language errors: 4.0 7.80617977528 51% => OK
Sentences with positive sentiment : 18.0 10.2758426966 175% => OK
Sentences with negative sentiment : 5.0 5.13820224719 97% => OK
Sentences with neutral sentiment: 7.0 4.83258426966 145% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.103407221308 0.243740707755 42% => OK
Sentence topic coherence: 0.0268850977611 0.0831039109588 32% => Sentence topic similarity is low.
Sentence topic coherence SD: 0.036345005936 0.0758088955206 48% => Sentences are similar to each other.
Paragraph topic coherence: 0.0575645698363 0.150359130593 38% => Maybe some paragraphs are off the topic.
Paragraph topic coherence SD: 0.0373466325054 0.0667264976115 56% => OK
Essay readability:
automated_readability_index: 11.9 14.1392134831 84% => Automated_readability_index is low.
flesch_reading_ease: 52.19 48.8420337079 107% => OK
smog_index: 8.8 7.92365168539 111% => OK
flesch_kincaid_grade: 10.7 12.1743820225 88% => OK
coleman_liau_index: 12.01 12.1639044944 99% => OK
dale_chall_readability_score: 8.71 8.38706741573 104% => OK
difficult_words: 150.0 100.480337079 149% => OK
linsear_write_formula: 11.5 11.8971910112 97% => OK
gunning_fog: 9.6 11.2143820225 86% => OK
text_standard: 12.0 11.7820224719 102% => OK
What are above readability scores?
---------------------
Rates: 58.33 out of 100
Scores by essay e-grader: 3.5 Out of 6
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.