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"[QUOTE]["All they care about is pleasing there stockholders."
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<blockquote data-quote="Ysgarran" data-source="post: 242842" data-attributes="member: 709"><p>There is a great deal of truth in this statement. The US government is build on a system of check and balances. It is the idea that you do not put too much power into any one branch of government because, basically, you can not put too much trust into human nature.</p><p></p><p>The real question is looking at what keeps the corporate system in check. What are the checks and balances for the WorldComs and Enrons of the world? You can make the argument that what is happening in the markets at this moment is the system of checks and balances at work. </p><p></p><p>I happen to believe that the system of checks and balances for our economic system does work for most things. The one area that I think it fails is taking into account the environmental impact of their actions. Environmental impacts are long term, choices made now may not be felt for 20 years. It is hard to justify to your stockholders (who are concerned with what happens in the next six months) that you need to pay the costs of something that will happen in the next 20 years.</p><p></p><p>I also believe that many corporate executives (NOT all but definately a certain percentage) do their best to get around the checks and balances that are built into the system.</p><p></p><p>A quote by Upton Sinclair comes to mind:</p><p>"It is difficult to get a man to understand something, when</p><p>his salary depends upon his not understanding it." </p><p></p><p>later,</p><p>Ysgarran.</p></blockquote><p></p>
[QUOTE="Ysgarran, post: 242842, member: 709"] There is a great deal of truth in this statement. The US government is build on a system of check and balances. It is the idea that you do not put too much power into any one branch of government because, basically, you can not put too much trust into human nature. The real question is looking at what keeps the corporate system in check. What are the checks and balances for the WorldComs and Enrons of the world? You can make the argument that what is happening in the markets at this moment is the system of checks and balances at work. I happen to believe that the system of checks and balances for our economic system does work for most things. The one area that I think it fails is taking into account the environmental impact of their actions. Environmental impacts are long term, choices made now may not be felt for 20 years. It is hard to justify to your stockholders (who are concerned with what happens in the next six months) that you need to pay the costs of something that will happen in the next 20 years. I also believe that many corporate executives (NOT all but definately a certain percentage) do their best to get around the checks and balances that are built into the system. A quote by Upton Sinclair comes to mind: "It is difficult to get a man to understand something, when his salary depends upon his not understanding it." later, Ysgarran. [/QUOTE]
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