Human Resources - Is the title just symbolic..?

I think there is some merit in saying that these days the 'Human Resource' has become just a symbolic word to reflect the 'human capital' within an economic activity or enterprise, and there fore should be removed. In many enterprises, it seems that the function has stopped cultivating a enterprise community of engaged human beings sensitive to broader community needs. One of the reason it may be the way the exploitative behaviour is encouraged rather than enterprising behaviour. The latter supports an innovative mind frame amongst employees and free from drivers like money. Fortune 500 ranks based on sales hardly help resolve the trauma of those occupying 'wall streets'. Managements tend to underline the objectives and discourages employees to be enterprise to think independently. Rewards and Scales helps to measure but hardly makes the enterprise responsive to external community needs.