[ExI] government corruption, was: RE: Social Mobility and Bioconservatism

[Stathis Papaioannou]

2009/2/22 painlord2k at libero.it <painlord2k at libero.it>:

> Corporations are more honest than government because they need to keep their
> customers always satisfied, or risk to lose them and their money.
> Governments are not under the same pressure to keep their customers happy.
> Someone wrote that people vote with the ballots one time every four years
> and with their money many times every day.

Corporations want to screw their customers, employees, competitors and
the environment for every cent they can. That isn't corruption, it's
just business. Add to that, management want to do the same to the
shareholders, awarding themselves higher salaries and increasing the
size and scope of their individual departments. The ultimate sanction
against this is that the shareholders can vote to replace the board of
directors, who can then replace the management team. This is what
happens with governments in a democracy also. In fact the Latvian and
Icelandic governments have recently collapsed as a result of the
financial crisis, while the directors and management of most of the
implicated financial institutions stay on, in many cases arguing that
they still need to pay themselves millions because that is the only
way to retain the "talent" to get themselves out of the mess the
"talent" got them into!


-- 
Stathis Papaioannou