|
Authored by: Anonymous on Tuesday, February 19 2013 @ 09:30 AM EST |
Let me think about some areas where lack of government or public scrutiny
allowed someone to "get away" with cheating the systems before a
closer eye was turned toward them.
Tobacco, knew from their own reports (hidden from the public) for many years
that their product was killing people but continually lied about it.
Pharmaceuticals, knew from their own reports (hidden from the public) just how
bad/ineffective some of their products have been and yet still marketed and sold
them to the unsuspecting public.
Banks, knew (or at least should have known) from their own reports just how
precarious their capital foundations were when playing with unregulated
derivatives.
Software, so Microsoft's business practices aren't unethical, immoral, and
illegal?
I could probably list a few other sectors where a lack of transparency means it
is only well after the fact that someone has done something stupid, dangerous,
immoral, unethical or illegal.
Without (a certain degree of) transparency, people who are in a position to take
advantage of a situation will only have their own moral guidance to ensure they
stay on the straight and narrow. Quite often, people who are in a position to
take advantage are those who would possibly be CEOs who, as a class of
individuals, have been rated as being highly likely to be psychopathic or have
psychopathic tendancies.
Mostly, people are ok. It's the few that ruin it for the rest and ensure that
self-governing and the natural laws of commerce are limited by regulation.
Where exactly is this mythical place that has "the best laws, the fairest
societies and the healthiest economic
climate for commerce" except in your head.
j
[ Reply to This | Parent | # ]
|
|
|
|
|