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Corporate responsibility is an oxymoron

By: Phil O. Safari on Apr 16 2010

Category: Life

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Many people expressed outrage over the government’s expanded role in healthcare, citing the inefficiency and waste that will no doubt come with it. I don’t like it any more than they do, but I’d rather take my chances with the government than with corporations because even if the government wastes 70% of the resources, at least 30% went to the public good.

Corporations are not our friends, and they have burned the American people not once, not twice, but THREE times since 1980, each time more costly than the previous one. In the 80s it was the Savings & Loan debacle; in 2001 it was the Enron/Worldcom meltdown; and most recently it was the subprime mortgage mess. When will we ever learn that corporations cannot be trusted to do what’s best for the public when there is big money to be made otherwise?

And at least government is somewhat accountable to the public. What’s your remedy for a corporation acting badly? Fire the CEO, and watch him glide to the next position on his golden parachute? File criminal charges, and watch him get a slap on the wrist despite ruining many more lives than the government ever could have in the same amount of time?

I’m sorry, but it’s three strikes and you’re out. Corporate responsibility is an oxymoron, a seriously bad joke.


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