multinational corporations free from moral obligations?
Hey guys i'm starting a research paper on the question.. Are multinational corporations free from moral obligations?
What are some topics I can talk about? I'm trying to make the paper examine both sides... if anyone has any ideas that would be great! Thanks
- ugotthatLv 69 years agoFavorite Answer
I see you already got the typical "anti capitalism and anti free markets commie agenda" bullsh!t.
They would like to be free from moral obligations. But here are some examples.
In recent years we've had Vioxx, lead tainted toys, toxic drywall, poison pet food, Salmonella tainted peanuts and pistachios.
Vioxx was a poison that caused heart attacks in patients. Topps Meats went out of business because of bad beef. How many workers lost their jobs? A New jersey company KNOWINGLY sold salmonella tainted peanuts and pistachios. Banks KNOWINGLY extended mortgages to individuals they knew couldn't afford them. Then knowingly sold those mortgages as "Grade A" paper globally including to Freddie Mac and Fannie Mae.
Somehow people ignore the fact Freddie and Fannie DO NOT originate loans. They DO NOT verify income, check credit reports or verify employment. But the BANKS do. They KNEW which loans were bad and which were not and sold the bad ones. As "Grade A" paper.
There is free market capitalism and then there is criminal intent, negligence and outright investor fraud. Bernie Madoff is in jail right now for that last one. Countrywide is no longer in existence. Merck got hit with a major fine and lawsuit for Vioxx. Topps is gone and the New Jersey guy went before Congress. And got hit with a fine.
The Koch Brothers are the biggest polluters in the country, major "Global Warming deniers" and want the EPA disbanded.
That should get you going.
- 9 years ago
The plutocratic corporate owners have their managers buy up some kids from Ivy law schools, pay em $120k/yr to start, and tell em to think up some really clever rationalizations why it's not in society's best interest to have corps having moral obligations.
That for society, all things considered, it's best for the corps to operate solely in the interest of increasing the wealth of it's shareholders [that'd be the plutocratic owners like the Koch bros, worth $35 billion btwn the two of them], and let other segments of society deal w/ moral and ethical issues.
........“Consider the morality..."
“Our leading bankers looted [the United States], plunged the world into deep recession, and cost the United States eight million jobs.
“Now many of them stand by with sharpened knives and enhanced bonuses – willing to suggest how the salaries and jobs of others can be further cut.
“Consider the morality of that.
“Will no one think hard about what this means for our budget and our political system until it is too late?”
By Simon Johnson, former Chief Economist @ the International Monetary Fund.
http://economix.blogs.nytimes.com/2011/02/10/ship-... Simon Johnson
- BigAlLv 79 years ago
Morality is personal. Business is impersonal. Even in the Mob murder and treachery were OK as long as it was 'Just Business'.
Shareholders might individually be church going highly moral people but they would quickly shift their cash elsewhere if they thought that morality was interfering with profits.
- zhoukiesLv 69 years ago
sounds like you are into the anti capitalism and anti free markets commie agenda.