Some people believe that corporations have a responsibility to promote the wellbeing of the societies and environments in which they operate. Others believe that the only responsibility of corporations, provided they operate within the law, is to make as much money as possible.
Write a response in which you discuss which view more closely aligns with your own position and explain your reasoning for the position you take. In developing and supporting your position, you should address both of the views presented.
For years now, there has been much debate about whether and to what extent corporations must be held responsible for their impact on society and the environment. As the Industrial Revolution kicked into gear, corporations ran wild with their ideas for maximizing profits, ignoring the damage they leave in their wake. This is when people started voicing the opinion that since corporations benefit from society and the environment, they should be held accountable for the damage they cause. I mostly agree with this view for the reasons explained below.
To begin with, corporations flourish only because of the resources - people and natural resources - which they utilize to make goods and provide services. Were people not willing to provide labor and the government not allowing use of natural resources for profit, corporations would not be able to operate at all. It is, then, their moral duty to expend some of their profits for the benefit of those they so readily exploit. Take for example, the egregious oil spills that have been happening for the past few decades all around the globe because of accidents involving company ships carrying oil. Not only has the aquatic ecosystem in the affected areas destroyed beyond measure, but many of the companies responsible have washed their hands of the debacle, claiming the accidents to have been an act of God. While government agencies and independent non-profits have been researching ways to clean up the spills, almost no oil mining company has come forward to contribute. Keep in mind that this has been happening while Corporate Social Responsibility mandates do exist. Imagine what would happen were they not required by law to shoulder the burden that they themselves often cause.
Further, the exorbitant power that corporations have over the government makes it wildly irresponsible to legally exempt them from any social responsibilites. Corporate lobbying has had undue influence on politics around social and environmental issues ever since it was invented. Consider the recent rollbacks of Obama-era environmental regulations done by the Trump administration. Endorsed and financially backed by companies with vested interests in coal, oil, and other non-sustainable ventures, the current President has deemed it fit to allow lowering the environmental standards that companies must meet in order to manufacture and sell their products (such as cars). If further allowed to avoid being held responsible for the damage that they cause, companies might become hard to shake off the government's shoulder, so to speak, and might accumulate so much power that the government will cater to their needs instead of the citizens', whom it was sworn to serve and protect.
One might argue that as the primary objective of a corporation is to maximize profit above all, it would be illogical to expect them to do anything else that undermines that objective. For this reason, many countries create incentives that entice corporations to do their duty towards the people and the natural environment from which they so profit. The incentives are in the form of tax cuts for upholding environmental standards, working with the community to solve social issues, and in turn being allowed to advertise their social and environmental consciousness to attract customers. This is a win-win situation in which all parties may fairly benefit.
To conclude, while it is true that corporations are created primarily to make their stakeholders money, they must be held accountable for the impact they have on the resources that enable them to do exactly that. Unless laws and regulations are formulated to that end, we run the risk of letting companies run rampant with their incessant profit-seeking behavior at the cost of everybody else.
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Grammar and spelling errors:
Line 3, column 156, Rule ID: WERE_VBB[2]
Message: Did you mean 'where' or 'we'?
Suggestion: Where; We
...ize to make goods and provide services. Were people not willing to provide labor and...
^^^^
Line 5, column 694, Rule ID: ALLOW_TO[2]
Message: Did you mean 'avoiding'? Or maybe you should add a pronoun? In active voice, 'allow' + 'to' takes an object, usually a pronoun.
Suggestion: avoiding
...oducts such as cars. If further allowed to avoid being held responsible for the damage t...
^^^^^^^^
Transition Words or Phrases used:
but, if, may, so, then, while, as for, for example, such as, it is true, so to speak, to begin with
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 24.0 19.5258426966 123% => OK
Auxiliary verbs: 12.0 12.4196629213 97% => OK
Conjunction : 18.0 14.8657303371 121% => OK
Relative clauses : 21.0 11.3162921348 186% => OK
Pronoun: 58.0 33.0505617978 175% => Less pronouns wanted
Preposition: 81.0 58.6224719101 138% => OK
Nominalization: 12.0 12.9106741573 93% => OK
Performance on vocabulary words:
No of characters: 3190.0 2235.4752809 143% => OK
No of words: 604.0 442.535393258 136% => Less content wanted.
Chars per words: 5.28145695364 5.05705443957 104% => OK
Fourth root words length: 4.95746018188 4.55969084622 109% => OK
Word Length SD: 2.88039411558 2.79657885939 103% => OK
Unique words: 320.0 215.323595506 149% => OK
Unique words percentage: 0.529801324503 0.4932671777 107% => OK
syllable_count: 990.9 704.065955056 141% => OK
avg_syllables_per_word: 1.6 1.59117977528 101% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 9.0 6.24550561798 144% => OK
Article: 4.0 4.99550561798 80% => OK
Subordination: 5.0 3.10617977528 161% => OK
Conjunction: 4.0 1.77640449438 225% => Less conjunction wanted as sentence beginning.
Preposition: 2.0 4.38483146067 46% => More preposition wanted as sentence beginning.
Performance on sentences:
How many sentences: 23.0 20.2370786517 114% => OK
Sentence length: 26.0 23.0359550562 113% => OK
Sentence length SD: 59.9126964084 60.3974514979 99% => OK
Chars per sentence: 138.695652174 118.986275619 117% => OK
Words per sentence: 26.2608695652 23.4991977007 112% => OK
Discourse Markers: 4.30434782609 5.21951772744 82% => OK
Paragraphs: 5.0 4.97078651685 101% => OK
Language errors: 2.0 7.80617977528 26% => OK
Sentences with positive sentiment : 12.0 10.2758426966 117% => OK
Sentences with negative sentiment : 9.0 5.13820224719 175% => OK
Sentences with neutral sentiment: 2.0 4.83258426966 41% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.242079066638 0.243740707755 99% => OK
Sentence topic coherence: 0.0747935376414 0.0831039109588 90% => OK
Sentence topic coherence SD: 0.0602552551695 0.0758088955206 79% => OK
Paragraph topic coherence: 0.139145904509 0.150359130593 93% => OK
Paragraph topic coherence SD: 0.053934447498 0.0667264976115 81% => OK
Essay readability:
automated_readability_index: 16.6 14.1392134831 117% => OK
flesch_reading_ease: 45.09 48.8420337079 92% => OK
smog_index: 11.2 7.92365168539 141% => OK
flesch_kincaid_grade: 13.4 12.1743820225 110% => OK
coleman_liau_index: 13.64 12.1639044944 112% => OK
dale_chall_readability_score: 9.0 8.38706741573 107% => OK
difficult_words: 156.0 100.480337079 155% => OK
linsear_write_formula: 12.0 11.8971910112 101% => OK
gunning_fog: 12.4 11.2143820225 111% => OK
text_standard: 12.0 11.7820224719 102% => OK
What are above readability scores?
---------------------
Rates: 83.33 out of 100
Scores by essay e-grader: 5.0 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.