Walmart is a classic case of a business succeeding by maximizing profits, regardless of who suffers. Americans and Canadains who have lost there manufacturing and retail jobs and are on relief (or whatever you Yanks call it) buy cheap foreign made crap at Walmart.

And as a previous poster pointed out, the Walmart employees who work minimum wage for 10 hours a week, without benefits, are all in line at the food banks.

The owners of Walmart are just doing what free enterprise does: maximizing profit. That is why they are still in business and still expanding. They will gladly do this until society collapses, or until the government intervenes, whichever comes first.

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There are to many cheap assed companys out there that do the same thing today. And it will get worse now that Obammy care is the law.

Maybe the company you work for will make you a part time piece of crap so they can make more profit.

It is not companies being cheap assed, it is companies maximizing profits without breaking the law (or at least without getting caught). Free enterprise is great for maximizing profits, but it has no conscience and will never do "the right thing" unless there is a profit in it. That is why we need governments to regulate them, set minimum wages, provide education and health care, and so on. And we need taxes to enable governments to do this. Free enterprise will buy and sell you, if they can get away with it. They will also push to minimize taxes, not out of some great philosophical understanding of how the universe should work, but just to make more money. At anyone's expense.

Have you ever noticed that as soon as government sets a regulation saying if you do more than X you have to do Y that every business makes sure it does not do more than X? The regulation is permission to be amoral.

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Every business school in the western world today teaches people how far they can go without breaking the law. Morals never enter in to it. Allowing free enterprise is the permission to be amoral.

One could argue that profit is the sole function of free enterprise, so morals have to be someone else's job. That is the main role of government in the modern world.

Don't get me wrong, I'm a big fan of free enterprise, and have benefitted from it. But morals are not their job. Anybody who counts on free enterprise to do the morally right thing will be screwed, to the profit of someone else.

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There are to many cheap assed companys out there that do the same thing today. And it will get worse now that Obammy care is the law.

Maybe the company you work for will make you a part time piece of crap so they can make more profit.

It is not companies being cheap assed, it is companies maximizing profits without breaking the law (or at least without getting caught). Free enterprise is great for maximizing profits, but it has no conscience and will never do "the right thing" unless there is a profit in it. That is why we need governments to regulate them, set minimum wages, provide education and health care, and so on. And we need taxes to enable governments to do this. Free enterprise will buy and sell you, if they can get away with it. They will also push to minimize taxes, not out of some great philosophical understanding of how the universe should work, but just to make more money. At anyone's expense.

Have you ever noticed that as soon as government sets a regulation saying if you do more than X you have to do Y that every business makes sure it does not do more than X? The regulation is permission to be amoral.

Yes I have noticed it. Its been going on for years but seems to have exploded by more business'es. And your right it is amoral.

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[/quote]

Old James

There are to many cheap assed companys out there that do the same thing today. And it will get worse now that Obammy care is the law.

Maybe the company you work for will make you a part time piece of crap so they can make more profit.

It is not companies being cheap assed, it is companies maximizing profits without breaking the law (or at least without getting caught). Free enterprise is great for maximizing profits, but it has no conscience and will never do "the right thing" unless there is a profit in it. That is why we need governments to regulate them, set minimum wages, provide education and health care, and so on. And we need taxes to enable governments to do this. Free enterprise will buy and sell you, if they can get away with it. They will also push to minimize taxes, not out of some great philosophical understanding of how the universe should work, but just to make more money. At anyone's expense.

Have you ever noticed that as soon as government sets a regulation saying if you do more than X you have to do Y that every business makes sure it does not do more than X? The regulation is permission to be amoral.

Yes I have noticed it. Its been going on for years but seems to have exploded by more business'es. And your right it is amoral.

Yes the fiduciary duty is amoral. But then again a duty crafted by lawyers and enforced by courts has no chance of being moral.

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We must define our terms

Moral

Fair

Equitable


Just


Have at it

We should strive for equality of opportunity, not equality of outcome.

We could spend the next ten years trying to define those terms.

Im all for corporations makeing money,Thats why they sell things that folks want. And Im for shareholders to get a dividend, They risked the money so said company could design, make and market a product that folks wanted.

What im against is the greed that then takes over the boardroom tarts that think They deserve 100% of the profits and screw the workers who busted their asses making sure the company succeded.

It galls me to no end when just for the sake of profits a company moves off shore and pays a just above pittance wage for the country they moved to. All so the big boys at the CEO's big table can get a bigger slice of pie. Mean while shafting the dedicated workers in their own country who helped make them big.

And dont even bring up its all the unions fault. Do they have to take some blame? Yes they do. I have worked for Union and non union shops. Ive seen the worst of both sides. There are slugs no matter what line of work you go into union or non union.

Lets define GREED.

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[/quote]

Old James

We could spend the next ten years trying to define those terms.

...

Lets define GREED.

Okay. Why don't we have some people start by tossing out some numbers for profit % that is reasonable and where it becomes GREED.

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I would posit that corporations that are chartered by the state have a moral and fiscal duty to the people who allowed them to be created. Corporations are a construct created by law.

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Greed is when a company that is in the black, Has money in the bank. Has a nice dividend for investers. But decides they need more profit for themselves and moves to East Bumflap. Lays off all the American workers who did all that was asked of them and more to make the said company profitable. Just so the MAJOR stock holders ( I.E. Board of directors ) could make more profit.

That damn good enough for you?

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[/quote]

Old James

Besides Walmart can I add BOA on the list.

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Pluto will always be a planet to me.

Seti Ambassador
Not to late to order an Anni Shirt

Go Back Thousands upon Thousands upon Thousands of Years ago.

HuWoMan want eat.

Get meat. Got meat. Eat meat. How was 'it' apportioned? Fairly. Haaaarummmmmpt!

No. Many Anthropologists say 'they' had to get along to survive. More accommadating than today.

Haaaaarummmmmpt!

Hierarchy is Greed. One Got Better and Mo Meat than another. No matta How Good The Hunting.

There is No Equals.

Greed is Hierarchy.

Hierarchy then. Hierarchy Now. Hierarchy fOevA. Smash and Grab due mostly to Brawn. As Brain Got Bigger, some Smart Ones beat The Strong Ones.

Think Equalities Breed Equality? No Way.

Think ReDistribution Breeds Out Greed?

Coveting is Greed. Covet fO thyself. Leftovers for others.

Those Trying To 'Change' the HuWoMan Formula fO Survival to mO or 'True' Equality are fO evA going To Fail.

HuWoMan 'O Live.

fO shO fO evA

Corn 'is' 'it'

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May we All have a METAMORPHOSIS. REASON. GOoD JUDGEMENT and LOVE and ORDER!!!!!

Yes greed is the biggest problem we have world wide these days.

I don't mind companies that make up to a 10% on top profit, but far to many want 20-25% more.

Just look at the ridiculous profits that banks and energy companies here in Aussieland are racking up, sooner or later no one will be able to afford to do anything here.

Cheers