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Corporation breaks the law to increase profits, gets caught, makes a PR stunt "apologizing" and gets off with a slap on the wrist. Where have I read that befor
by Draiken 2y ago
Corporation breaks the law to increase profits, gets caught, makes a PR stunt "apologizing" and gets off with a slap on the wrist.
Where have I read that before? Oh, everywhere.
This will never change while profits are the sole reason companies exist. No amount of regulation will stop corruption and/or incompetence from the regulator's side. It also won't change the fact that regulators directly or indirectly have incentives to turn a blind eye, so huge corporations can, you guessed it: keep profiting.
People die because of these kinds of shenanigans, but nobody seems to f*** care as long as profits continue to roll in.
I know I'll now never buy a Toyota, not that it matters at all to their bottom line.
- mywacaday 2y agoBut what do you buy, this is an old list but I don't think any manufacturer is clean, https://www.thestreet.com/investing/stocks/10-of-the-biggest-automotive-scandals-ever-13297513 https://www.thestreet.com/investing/stocks/10-of-the-biggest...
- Draiken 2y agoThat's another big issue. Everyone loves to repeat "vote with your wallet" but what do you do when it's all bad? I don't know. It's not feasible for many to not own a car and even if it was, the few that "vote with their wallet" suffer while companies could not care less about individuals. It only matters if enough people do it, which actually affects their bottom line. Once again we're f*** by monopolies. It's an oligopoly where all options are bad in different ways and we have no recourse. It's not like we can build our own cars or new companies will actually get into the market. Even if they do, they'll start with the same shady practices because, well, the numbers must go up! Personally I don't see a solution within our current society.