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> greedy corporates will always test the boundaries of the law to the maximum, to maximise their profits, testing the limits of the government to see what they
by dgzl 8y ago
> greedy corporates will always test the boundaries of the law to the maximum, to maximise their profits, testing the limits of the government to see what they can get away with.
I don't deny that penny-pincher execs are looking for loopholes, but how much of that is triggered from ignorance and not greed?
- GVIrish 8y agoIt's always greed. I can guarantee you that if the FDA was defanged in the United States you'd see a massive spike in food and drug safety failures and counterfeiting. If a company can profit significantly from cutting corners inevitably someone will try it. The market may punish some of that behavior to the point that a new equilibrium would be reached but it would certainly be a more dangerous baseline. For many things the only thing that keeps greed and misconduct in check is a robust regulatory regime. They vast majority of people in any society neither has the time not expertise to check products for safety and authenticity.