pinkpleasures
Posts: 1114
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quote:
Well, your point was that oil companies would be gouging us for water if they controlled water. Of course oil companies would be gouging us for water if they controlled water--but not because they are oil companies. That's what I meant when I said I don't believe they are ontologically evil. Oil companies would be gouging us for water if they controlled water because ANY company would be gouging us for water if they controlled water. (This is one of many reasons why I don't believe in laissez-faire capitalism: the only goal of a corporation is to make a profit, and their pursuit of that goal is not necessarily in line with the greater goals of society. I remember we had a discussion about this a couple of months ago, but it kind of degenerated.) Edited to add: http://www.collarchat.com/m_109172/mpage_3/tm.htm#110999 Lordandmaster quote:
ORIGINAL: UtopianRanger After watching the whole debacle unravel regards Enron and the falsified California energy crisis, I tend to hold a much more cynical viewpoint when it comes to trusting the upper echelons of the corporate mentality. To get to the point; I think the exponential rise in prices is nothing more than a purposely manufactured crisis. Why? Pure greed! And just because they can. Evil as in “Slaughter the lambs” – No Greedy as in “To fleece our pockets’’ - Yes Lam, i have sat across from the CEO's and CFO's of insurance companies set up to cycle about 18 months, gathering premium and never setting claims reserves because by the end of the cycle, the company would dissolve and people would be injured in the default. Some were health insurance companies, dropping pregnant women from coverage as soon as the rabbit died. i think there is such a phenom as a "corporate culture" or zeigist....but the owners/officers/shareholders of these companies were evil in my opinion,. They sat down and plotted a fraud on the poor, usually spanish-speaking people in Miami/Dade. Enron was once a legitimate company, but expanded and did so knowing full well that it would default at some point. Anyone with a Business Major could have predicted their business plan was fatally flawed. Then to add insult to injury, they raided the coffers of the employees' retirement account before announcing they were defunct. I cannot understand why the SEC has not brought more prosecutions and more people are not serving time. What is the difference between what happened at Enron and robbing an elderly woman at gunpoint? pinkpleasures
< Message edited by pinkpleasures -- 8/20/2005 11:56:48 AM >
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