@cystic:
As for these companies not paying taxes etc. - that is the problem/fault of the governing country. Maybe it is just grateful that some of its populace is actually being employed . . . .
I bet the quote
“from now on political leaders are under the control of the financial markets” of Mr Tietmeyer, President of the Bundesbank, at the World Economic Forum in Davos, Switzerland, 3rd February, 1996 is unknown to you…. can oyu imagine the reaction of the political leaders that were listening? minutes-long applause…
So, yes, it probably is “gratefulness” that someone allows them to pick up some crumbs from the dirty floor.
You probably have heard of the so-called “Washington Consensus”, which was giving the framework for economical policies for the last 10ish years.
It is quite nice to see even the World Bank admit its failure!
(We will see wether that actually changes anything in the situation. The world bank is pretty famous for admitting flaws and failure, then working some years over it before not changing the important points)
See:
http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:20116211~menuPK:34457~pagePK:34370~piPK:34424~theSitePK:4607,00.html
There also is list of the “10 commandments” of the Consensus in their commented and edited form by their creator j. Williamson
i really don’t care what the money i spend on a product goes to pay - as long as its not funding violence directly as far as i can determine. It can pay 1% - i don’t care. These workers have a choice.
Which choice?
I do have a problem with them working in toxic environments without safe conditions (masks etc.). Maybe they should petition their government/company for safer working environments.
That would mean that the state needs to put up barriers, and controls, and has to fund these controls….
Of course that would reduce the profit for the company.
Market laws base on totally un-proven basic assumptions….Most of these “laws” were not even created by economists…
… You will have a hard time demonstrating to me that supply and demand of labor and products do not drive their respective markets.
Well, man can create demand (that’s by the way were most of the money you pay for product goes to). Why is “creation of demand” allowed, but “controling the flux of money” is something man should not do?
I really don’t care. This has no bearing on the discussions on “reparations to slaves-descendents” or “putting out of work employers in 3rd world nations”.
Not directly, true. But you’d be a pretty bad doctor if you look at your patients’ symptons only and do not think of its possible causes. And i don’t think that you are a bad doctor.
If i can make money off of derivatives - great, if i lose money - my problem. And you are right - it is a form of gambling as even economists are only correct 50% of the time. So what?
You only need about 5% equity capital to start these gambles. So, if you lose, it is not your problem.
And how can economists not be 99%+ right, when they have these “theoretically well derived laws”. That is a shameful rate for a scientist.
Unfortunately we don’t have much more to go on than applying realistic conditions to idealized models.
It works much better in all other sciences. That’s why i do not really accept MBA’s as scientists.
@TG:
…but lies more in the government and of the corporations themselves.
But: wasn’t it so that the one and only responsibility of a corporation is to make maximum profit?