Many people believe that big business in addition to generating profits should be involved in and responsible for the social life of the community. To what extent do you agree or disagree? Give your opinion.
Of late, several commentators have been suggesting that giant corporates who are thriving due to society should make a contribution to ameliorate the social life of those sharing the space with such establishments. Nevertheless, others counter this and assert that they are not obligated to do this by virtue of their financial contribution to the public money.
To start with, the opinion in the favor of businesses supporting and enhancing the social atmosphere of the locals stems from the belief that these prosperous commercial establishments have flourished on the resources such as land, minerals and so on, ownership of which rests the local populace therefore, becomes the responsibility of the former compensate the latter by creating conducive atmosphere of those residing around such organisations, by providing facilities like parks, clubs, community centers and sports clubs.
Similarly, these businesses have burgeoned by selling their goods and services to the locals. They have, in this way, generated humongous revenues and profits, which have helped them expand tremendously. Thus, offering something back to the community would only mean expressing their gratitude. This will be considered as an acknowledgement to the local support.
Nevertheless, those cynical of the former view assert that why should commercial organisations be compelled to engage in such endeavours when they are already parting with enormous sums of money paid on account of an array of taxes classified as turnover, profit, income, environment and many more, to the government. Besides this, they are already contributing to the upheaval of the society by affording paid employment to several citizens. Thus, this will be an unwarranted demand.
Overall, I partially concur with the statement and feel that such services should not be made a stipulation for commercial organisations, and it should be left at their discretion.
