Cobbs Bin

Monday, April 03, 2006

Will It Play In Peoria?

There is that age old argument that a business will chase profit to the exclusion of everything else. A case in point is at the beginning of the 20th century when sausage makers were using saw dust in their meat, or when the Cuyahoga River caught fire from all of the combustible pollution being dumped in it. There was an unbridled push to make things as cheaply as possible even at the expense of both the consumer and the environment. Our government stepped in and with the assistance of (and I hesitate to say anything positive about the media) the muckrakers, exposed the issues and started down the path of regulation. Now it is expensive to pollute and consumers have a wall of protection provided by the rules and regulations of various government agencies.

But would companies knowingly destroy the environment if they could? Is it in their best interest as on-going concerns to create areas of the country that could kill, injure, or cause harm to people, animals, or plants? Are our industries looking that short term that a surge in this years profit would provide the impetus to pave the road to self destruction? These are questions that we see in the news today. Look at Enron and WorldCom. Both companies chose a route of deceit, albeit financial, it was still deceit. Both have paid a heavy price for their lack of concern of their “environment”. With the way information travels and availability of any tidbit at the touch of a finger, there is no where to hide.

People are going to vote with their pocket books. There is little tolerance for a corporation that is consciously polluting, cheating, or stealing. Even the hint that it is happening causes issues. Look at how the liberal, something for nothing, do-gooders are attacking Wal-Mart. They want to circumvent the free market and force major corporations to pay for health care. Since when did companies have to pay for health care? We have come to expect that as a right and not a benefit. There is a serious disconnect with reality on that issue.

People will punish what they perceive as the wrong thing. Our domestic car companies have suffered from a perceived lack of quality by losing market share, even though the quality is about equal any more. There is the bad press from the lack of sound management at GM and Ford. Their labor contracts have put them in a bad light. They have huge legacy costs and most people look at it as bad management. They have provided more and more benefits that have become rights and created a corporate welfare system. That is perceived as poor management from the business world and the right way for a company to act by the liberal, something for nothing, do-gooders. I know which group I want on my side.

Will companies do the right thing? I guess it depends on whether the risk is worth the reward. It all comes down to can you weather the storm or will the waves send you to the bottom. With the internet creating a continual tidal wave of information, it is not a sound practice to try to pull too much over on Americans or any other world citizen. Of course there are the liberal, something for nothing, do-gooders who will always push their misinformation on the naïve of the world but, time usually shows them to be nothing but “chicken little” wannabes’.

Icool

Cobb

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