Showing posts with label Corporations. Show all posts
Showing posts with label Corporations. Show all posts

Tuesday, August 10, 2010

Corporations

I got asked once why I don't like corporations.

The answer is not that I don't LIKE corporations, the answer is that I don't TRUST corporations.

I have worked for various corporations for most of the last 20+ years of my life. Corporations are an integral part of the American economy. But they are not trustworthy. BP develops of culture of cutting corners in the pursuit of profit and we have the oil refinery accident a few years ago followed by the largest unintentional oil spill in history. They and the other oil companies basically infiltrated and compromised the agency tasked with regulating and monitoring their actions and now we have an environmental disaster of literally unknown proportions where we won't know the final cost for years. The company that owned that mine in West Virginia where 29 miners died had a long history of simply ignoring the safety rules and then protesting/contesting the fines for as long as possible before finally paying the fines since it seemed to cost them less that way than actually caring about the safety of their workers.

I could go on and on and on.

The newest proof, as if more was needed, was a proposed deal between Verizon and Google where Google's YouTube site would get priority access (and the resulting higher speeds) than other sites not willing to pay a premium. Two big corporations getting together in a way that will in the end only profit other big corporations while relegating smaller companies and non-profits to second class status on the internet. Its not like they aren't already making money on their investments. They just want to make more.

That, after all, is a corporations job. To make money so they can pay dividends to their shareholders, so their stock price will go up.

To make money.

That is their job. That is the principle, even sole motive.

I have no problem with that. Corporations making money drives the economy.

But nowhere in there does the corporation have my best interests at heart. Even if I work for them, they are only as good to me as they need to be to keep me from leaving (unless they decide they can save money by replacing me with someone else, perhaps in China).

Nowhere in there does the corporation care about the environment. Nowhere in there does the corporation care about the larger economy. Nowhere in there does the corporation care about national security. That's not their job. Profit is their job.

So if I think we should regulate industry, so if I think that allowing corporations should be allowed to spend unlimited amounts of money directly supporting the candidates of their choice, so if I think that corporations should not be allowed to get to big to fail, its not because I don't like corporations. I am hoping that some corporation will decide that they like my skill and experience set and hire me.

But I don't trust corporations.
And neither should you.

Thursday, January 21, 2010

An Activist Supreme Court

Its funny in a twisted way.
An activist Supreme Court overturns a century of laws and previous ruling and screwed all of us.
And conservatives/Republicans seem to love it. Now corporations can spend their money without limit in direct support of the candidates of their choice.
When Barack Obama ran for President in 2008, he raised an amazing amount of money. Hundreds of millions of dollars, from millions of individual donors.
And the Supreme Court of the United States just made that into chump change. If the 10 biggest banks can give their employees 10's of Billions of dollars in bonuses, imaging how much they might be willing to spend to ensure that they are allowed to continue to make huge profits while taking ridiculous risks with other people's money.
And that's only the financial industry
Look at how much the Health Insurance industry has spent, all the while trying to hide how much they were spending, to oppose any real reform in the health insurance market.

Needless to say, I think this decision will turn out to be a disaster for this country. I guess I shouldn't be surprised that Republicans and conservatives seem to love this ruling. I just wonder if now they will stop whining about activist judges.
I doubt it.