With the release of Michael’s Moore’s Capitalism movie I thought I would share the LoveMovies! evaluation I did on Enron with the topic of corporate corruption and greed. Furthermore, I included YouTube films that display what my five yr Ph.D. research also unveiled – we now stay in a plutacracy (government by the rich for the reward of the rich), not a democracy.
That is what Michael Moore’s film also obviously reveals. His film entirely backs what my possess five decades of exploration together these strains on Wealth & Spirituality confirmed me. Only now instead of 1% of the world’s populace proudly owning ninety% of the world’s assets and wealth (which I located out in 2004), 1% of the world’s populace now owns 95% of the world’s assets and wealth. This statistic is what motivated my Past the Magic formula e book and it is why I was declaring as early as January 2008 that the existing economic program can no for a longer time be sustained.
Here is the evaluation.
Concept: Company Corruption & Greed. In 2001, a single of America’s most significant and most profitable companies, Enron, an vitality business, all of a sudden went bankrupt. Not long just before, CEO Ken Lay experienced proudly declared, “Enron is a business that bargains with every person with absolute integrity. We want men and women to depart the transaction with Enron imagining that they’ve been dealt with in the maximum attainable way in integrity and truthfulness.”
In real truth, as the documentary film Enron: The Smartest Guys in the Area reveals, the results of the company was crafted on levels and levels of deception. Just after it crashed, “20,000 staff members experienced missing their careers, two billion dollars in pensions and retirement funds experienced disappeared.” The film poses the question, “Was Enron the get the job done of a couple bad men or the darkish shadow of the American desire?” The respond to is possibly, each!
Enron’s Procedures of Corruption
Proclaiming Enron as a profitable business, just because it experienced profitable ideas that may well hypothetically make income some working day.
Applying “creative accounting” to enable them keep the illusion of profitability.
Hyping the company’s perceived benefit via a community relation strategies that drove up the stock value.
Creating subsidiary corporations to hide their losses,
Shelling out politicians, bankers, accountants and brokers to glimpse the other way.
Fundamentally raping California of $two billion dollars by generating a fake scarcity of vitality that remaining millions devoid of electrical power, designed vitality revenue soar, sending most of the revenue to Enron.
As the film exposes the Enron was a business stuffed with men and women grossly influenced by greed, satisfaction, conceitedness, and a stunning immorality. Enron is not alone. Wade Rowland, writer of the e book Greed, Inc. shows the stunning actuality that the present day working day company is primarily “perfectly egoistic or selfish” with “no moral or cultural limits to its acquisitiveness.” He also suggests, “Corporations are, in a term, indifferent to right and mistaken, fantastic and bad, except insofar as these can be expressed in conditions of the corporate equivalents of enjoyment and agony – which are revenue and reduction.”
Perhaps this is why Ken Lay and other former CEO Jeffrey Skilling felt they experienced done no mistaken. This is rarely stunning presented what executives are taught in several universities, according to Rowland. “A generalized set of qualified administration approaches pressured not the product or service or the customer, but the manipulation of corporate money to optimize the level of return on shareholder expenditure.” This is exactly what Lay, Skilling, and other executives, managers, staff members, and traders of Enron experienced done. Gain mattered additional than product or service, which is anything Rowland thinks demands to adjust, together with checks on other corporate abuses.
Roland’s Tips For Company Transform
Reducing the strategy of corporate personhood, which guards the legal rights of companies as if they were person human beings, so they are unaccountable for and social hurt they may perhaps do in the pursuit of revenue.
Subordinating huge, publicly traded companies to government supervision the similar way armies are.
“The moral legal responsibility of corporate officers and personnel demands to be obviously codified into legislation. And not just for the crimes against the company (as in the Enron/WorldCom – impressed Sarbanes-Oxley Act) but for crimes of the corporation” against human beings and the surroundings for case in point.
Inserting legislative limits on the measurement and wealth of the companies.
Denying corporations like the Globe Trade Corporation and the Globe Lender from in search of information from corporate leaders who will “not give information, no make a difference how required or clear, that can direct to impairment of their monetary posture.”
As long as the discussion about Enron and other companies remains only about revenue, the several risks companies pose to our planet are dismissed. Rowland reviews how these abuses include things like the deaths of thousands of men and women thanks to the failure of drug corporations like Merck and GlaxoSmithKline to pull unsafe, untested, or even fabricated prescription drugs from the industry. Some companies, like Nike, have been accused of setting up sweat outlets with slave-like situations in 3rd planet nations around the world.
“But on yet another scale completely is the calculated undermining of global endeavours to mitigate what is probably the greatest threat ever to have confronted humankind – world-wide warming. ExxonMobile, the world’s most significant oil business, has been performing exactly that for additional than a decade, its best purpose getting to dissuade the U.S. Congress from signing on to the Kyoto Protocol or in any other way critically interfering with current fossil gasoline generation and usage styles,” Rowland tells us.
Base line, if we are to halt the growing pattern of corporate corruption, we will need to rethink the fundamental notion that a company exists only to make income for the shareholders. Only in this way will be operate not only by the “smartest fellas in the home,” but by men and women with coronary heart, as effectively as a feeling of ethics and concern for the total fantastic.
Important Be aware
This posting is Copyrighted as of 2009 by LoveMovies! All Rights Reserved.
Prepared by Dr. Lisa Appreciate.
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