The problem with your thinking is we are talking about business, big business. Large corporations have no feelings, no remorse. They are entities that exist only to produce profits for shareholders The shareholders are mutual funds, pensions, banks, financial trusts who represent 401K's pensions, IRA, and investment that you and I own. Most of us don't know anything about those corporations. Our concern is our monthly check or how much our investment increased last year. If those corporations make amends for their past transgressions, our monthly pension check decreases or the value of our investment may decrease and we respond by selling our investment or putting the pressure on to produce higher profits.Most of that happened before anyone paid much attention to what we were doing to the environment; back in the good old days when no one though twice about dumping raw sewage in lakes and rivers, underground storage tanks with toxic chemicals were abandoned, air pollution was consider the cost of progress, and medical facilities threw untreated bio-medical waste in the garbage.Yes, but it was also government who turned the colorado river yellow, detonated 100 hbombs in the pacific, laced naval yards with asbestos, agent orange, injected blacks with syphilis...whose holding them responsible to that? At least in most cases where we can find corporations of wrong doing, they go down for that.Well I disagree, capitalist would absolutely care about the water quality. Why...because their customers would flip shit, and they'd be broke and out of business, and be getting sued with huge class action suits, and probably be in prison because they've caused harm to people. But that's not happening right now, is it. Let's not forget that flint Michigan WAS CARRIED OUT BY THE GOVERNMENT, and they did it because there's not much alternative to the public water works system that they run. I find it fascinating that people are finding a way to blame flint michigan on capitalism.Maybe it depends what we call socialism. But I said we need a mix of both systems. We need government for certain protections, and people call this socialism. Look what's happening in Flint with the water crisis as just an example. Switching to the cheaper water source harmed thousands. Capitalists wouldn't care about this since profit is the only motive. Capitalism has to have something to counterbalance it.
You gotta be kidding, I could post stuff all day long about private industry taking shortcuts that jeopardize the public's health. One reason why companies like to offshore. Notice how the pollution is almost unbearable in China now. One link below.
Major Chemical Company 'Poisoned Water Supply' for 50 Years
Bizarre....as if one needs to "pay much attention," or know much of anything, to realize that one has a debt to someone (or many someones) for turning a river yellow, or injecting people with syphilis or for defoliating massive swaths of terrain....
Even if one isn't to be held accountable in a penal sense, at the very least, one could show some integrity given our newly found knowledge about the impacts of one's earlier actions and make reparations in a prospective sense, as a genuine show of remorse such as doing a good deal more than is absolutely required by a court. Isn't that what you'd do? Would your conscience not call you to handle the matter that way? Mine sure would.
The problem is the great autonomous ownership of corporations. There was a time when even large corporations had few shareholders. They attended shareholder meetings and being human they were at times very un- businesslike showing their feelings for workers and misdeeds of the business but those days are long past. Major shareholders today represent the great autonomous mass that is only interested in profits. They must always stand on side of higher profits regardless of the consequences.
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