How Business Fails Us - What You Need To Know About Business Corruption

By Kip Koehler
$2.99 Rating: Not yet rated.
Published: Aug. 12, 2012
Words: 15,079 (approximate)
Language: English
ISBN: 9781476017563

Short description

Short of an incredible number of laws that have been fabricated [1] to rein in business and [2] to give corporations vast opportunities, big business has prospered, to some degree, because of a climate of relative freedom. While this may sound reasonable on the surface, the reality is another matter.

Extended description

Short of an incredible number of laws that have been fabricated [1] to rein in business and [2] to give corporations vast opportunities, big business has prospered, to some degree, because of a climate of relative freedom. While this may sound reasonable on the surface, the reality is another matter. Since the early days when Standard Oil's business practices were rebuffed with anti-trust legislation, consumer protection has been insufficient to throttle in corporate greed and corruption.

The poster boys for "make money at any cost" have been America's large financial institutions. They have been labeled too big to fail, and they are apparently too big and complicated to control. Getting around Federal regulations for them seems to be pervasive in this group.

This in no way leaves out the other large industries, from cosmetics, to prescription drugs, to energy production, to health insurance, and a flood more. And why has this happened? Three words... Democrats and Republican.. (Read more) Short of an incredible number of laws that have been fabricated [1] to rein in business and [2] to give corporations vast opportunities, big business has prospered, to some degree, because of a climate of relative freedom. While this may sound reasonable on the surface, the reality is another matter. Since the early days when Standard Oil's business practices were rebuffed with anti-trust legislation, consumer protection has been insufficient to throttle in corporate greed and corruption.

The poster boys for "make money at any cost" have been America's large financial institutions. They have been labeled too big to fail, and they are apparently too big and complicated to control. Getting around Federal regulations for them seems to be pervasive in this group.

This in no way leaves out the other large industries, from cosmetics, to prescription drugs, to energy production, to health insurance, and a flood more. And why has this happened? Three words... Democrats and Republicans. While I do not delve into that cause and effect scenario here, corporate corruption is made possible by the legalized bribery that is mislabeled as campaign financing.
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Tags

ethics, business and politics, business case study, corruption of power

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