World, Writing, Wealth discussion
Wealth & Economics
>
Profits matter, all the rest - not so much?
date
newest »
newest »
The exception. It is an extreme and tragic exception but not indicative of how the vast majority of American businesses operate because the fines for safety and health violations and the loss of revenue due to public outcry are far more detrimental to the bottom line. So corporate greed, ironically enough, protects the workers.
It's representative. If you look at the world economic crisis of a few years back, it was greed-driven. The US insurance and banking industries caused a world wide crisis and it still is not over. Some of the CEOs were prosecuted, but many are still running around doing the same thing in a different way.
And the factory workers in other countries. If they were in the US, it would be considered slave labor, but they don't have the same protections. Terrible working conditions. All for profit.
Corporate greed, ach! Their greed is what is destroying the middle class.Corporate greed - it is killing the environment. China is destroying the ecosystem with their harvesting methods, according to the recent tribunal, absolutely devastating it.
Volkswagen, falsified their diesel environmental data: environmental terrorism.
Governments are complicit in destroying endangered and protected species.
The US Republican party would do away with environmental protections. Fracking in the US...the list goes on and on.
It is nothing but greed.
Interesting, although you come with opposite opinions on the incident, but you both agree on a corporate greed....
I assumed we were talking about worker safety only. As for polluting the environment I am under few illusions about the practices of corporations. Also i kept my scope in my own country. Again, internationally speaking, no illusions that workers are safe from harm or injury - none whatsoever.
Can anything else be as important as profit?
That's how Wikipedia cites the foundings of the investigation and the TV report contained similar account:
"The report states that Massey used its power “to attempt to control West Virginia's political system.” The report cites how politicians were afraid of the company because it “was willing to spend vast amounts of money to influence elections.” Massey intentionally neglected safety precautions for the purpose of increasing profit margins according to the report. Safety precautions in mines are “a hard-earned right paid for with the blood of coal miners” read the report's introduction.[6] These findings were repeated by miners and their families."
Is the above business approach representative or exceptional in your opinion?
In Ukraine alone close to a thousand miners perished in mines during last 15 years...
Good that most jobs are less dependent on safety issues...