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The core requirement of a for-profit business is that it make money. If it doesn't make money, it can't continue to do what it does, and it can't support it's o
by dkuntz2 13y ago
The core requirement of a for-profit business is that it make money. If it doesn't make money, it can't continue to do what it does, and it can't support it's owners.
Because of this, it means that companies are typically very bad at looking at things in the long-term because it's far away and playing for higher profits overall over higher immediate profits doesn't make more money immediately for the owners.
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The problem isn't that the government's corrupt, it's that the businesses are.
If there's no regulating force there's much less of an incentive for companies to be forthright with individuals. I've heard people argue that private consumer protection agencies would help alleviate the problem, but there's nothing requiring the companies to open up to certain agencies, and nothing to keep an industry from creating a jointly owned agency, which is the only one with access to the entire industry.
While the consumers would be able to chose the agencies they believe most, there are industries which are inescapable, and if the entire industry ever created their own agency, or refused any agency access, there's nothing you, or really anyone, can do about it.