can we trust corperations at all?

Discussion in 'Economy' started by Old Rocks, May 28, 2010.

  1. Old Rocks
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    Old Rocks Diamond Member

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    In the last two years we have seen two catastrophes driven by corperate greed and incompetance. The near collapse of the world's financial sector, and the present fouling of the Gulf of Mexico.

    In both cases, the driving factor for the corperations was greed, irregardless of the consequences. The people in the financial corperations never considered the eventual impacts of their actions, just looked at the billions they were racking up daily. BP never even considered the possible cost of not installing that $500,000 dollar valve. Or the consequences of the many other shortcuts that were taken on that drilling rig. Enough shortcuts that the possibility of a disaster became a certainty of a disaster.

    Is there any reason to allow any major corperation to operate without intensive oversight and regulations? Can we afford not to keep a short leash on these people.
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    I know for certain that the District of Columbia Corporation cannot be trusted.

    They've ignored and usurped virtually every regulation written to keep them in their box.
     
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  3. Mr. H.
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    Mr. H. Diamond Member

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    In time, every piece of equipment will be retrieved from the Gulf floor and analyzed. There will be hundreds of interviews and countless numbers of investigations. Until then it would be a good idea to keep phrases such as "greed" and "incompetence" at bay.
     
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  4. driveby
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    driveby Gold Member

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    I don't trust the asshole in charge that says "i'm going to keep my boot on the throat of BP". No leadership, no class, and has no business being commander in chief.....
     
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  5. Toro
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    Toro Diamond Member

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    For the most part yes. You need rules and regulations, and you need a strong ethical culture that disapproves of bad behavior, but corporations are run by people, and people generally want to do the right thing.
     
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  6. xsited1
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    xsited1 Agent P

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    Yes, we can trust Corporations. What we need to be mindful of is Crony Capitalism.

     
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  7. rdean
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    rdean rddean

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    can we trust corperations at all?

    I suspect it will be difficult to find a Republican that says "NO".

    According to Republicans, all things good and holy flow from corporation. Corporations are the alpha and the omega. The source of all jobs. Security. Right wing economics say, "If corporation do well, the country does well".

    To make sure corporations give their benediction, workers must forgo safety, insurance, raises, vacations. Only board members should get raises and bonuses.
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    Republicans tend to shy away from such all-inclusive qualifiers as "all", "never", "always", and "must".
     
  9. Neubarth
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    Neubarth At the Ballpark July 30th

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    The culture on Wall Street is one of greed. We need to enforce the laws that exist. We need to reform the court system and the concept of punishment for crime to straighten the whole mess out. I favor the immediate death penalty for felons. Once we make crime something that is seriously punished, we will see the world of finance quickly reformed. Now, if they are caught stealing Billions, they get to go to a non lock down executive country club where they can play nine holes of golf every day. That shit has got to stop.
     
    Last edited: May 28, 2010
  10. driveby
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    driveby Gold Member

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    Yep, that's Obama's version of being " fair " .....
     
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