Final answer:
Opponents to the stakeholder concept argue that the mandate of considering broader social issues does not align with a capitalist system, where the primary goal is often maximizing shareholder wealth. The stakeholder theory, which suggests balancing the interests of all stakeholders, contrasts with classical capitalism's emphasis on laissez-faire principles. Businesses in socialist or communist systems are more directed towards societal and community considerations.
Step-by-step explanation:
Opponents to the stakeholder concept argue that considering broader social issues is not the mandate of a business in the c) Capitalist system. In this system, rooted in classical liberalism and advocated by figures like Adam Smith, there is a strong emphasis on laissez-faire principles, advocating for minimal government intervention in free markets. The contrast between this approach and the socialist or communist view, where the economy and societal organization are more heavily regulated or controlled by the government, highlights the fundamental disagreements about the role and responsibilities of business in society.
According to the shareholder theory, the primary obligation of business managers is to serve the interests of shareholders by maximizing their wealth. However, stakeholder theory posits that businesses should balance the interests of all stakeholders, not just shareholders. The capitalist framework typically aligns with the former, where shareholder primacy prevails over broader societal concerns, while socialist and communist frameworks advocate for more inclusive economic practices that consider the wider community's needs.