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The Forum > Article Comments > Corporate cowboys > Comments

Corporate cowboys : Comments

By Colin Penter, published 24/6/2010

The tenets of 'limited liability' and 'corporate personhood' make it possible for corporations to avoid criminal responsibility.

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*pollution and other damage to the natural environment has been caused by the world's biggest polluters*

There you go Dickie dear. Stop demanding electricity and petrol
at the petrol station, for you are in fact the polluter. Without
your demands, there would be no pollution. If you and others
agree, we'll switch off the power tomorrow.

*Their profits will be less obscene but they will remain profitable. If they wish not to continue – great stuff.*

An inside tip for you. One of the world'd biggest stock shorters
is shorting a number of oil majors. For when he examined the books
closely, he found that despite all that drilling, reserves are not
being replaced by new reserves. So real capital value of these
companies is crashing. ie those profits are not as real as you think.

One way or another, you and other consumers will land up paying for
skyrocketing energy costs, if that is what you want to happen.
But it will eventually happen anyhow, even if you don't want it to.

*That the early model electric was not perfect does not mean it should've been scrapped.*

That is really up to them, for it is their money invested, not yours.
From a business sense, IMHO it made perfect sense to scrap it and
start again, when better battery and other technology was invented.
That has happened.

*I have already acknowledged that some corporates are investing in sustainable technology just not nearly enough and to reiterate, they could've done so decades ago.*

Given that its their money and their risk, that was their decision
to make. You and others were free to invest your hard earned savings
at the time, if you thought it was such a great idea. Anyone could
have, that is the beauty of the system. Including Govts and taxpayers.

*Many things corporates do are 'legal' doesn't make it right*

Ah, now you think that others should live by your moral code, which
is little more then your opinion. I've heard that one before lol.
Posted by Yabby, Sunday, 27 June 2010 6:58:39 PM
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