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

by Kip Koehler

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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.… (more)
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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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Power is not inherently evil, or is it? Ordinary people who have great power visited upon them through their efforts or happy convenience may become changed for the worse. They are no longer ordinary to themselves. Their inner voice tells them that the rules that other live by no longer apply if breaking them is done with stealth. The devil on one shoulder speaks to them more forcefully than the angel on the other.

People in positions of power may revert to their childhood behavior of wanting to have all of the toys, to the point where they will do virtually anything to get them. Having some is never quite as fulfilling as having more. Multiple, expensive objects can be the object of intense desire, and the exposed examples of this behavior are too numerous to mention. This need, far too often, leads to unethical, immoral, or criminal activities in their business dealings. One might think that the number of these miscreants that end up being exposed or land in jail would act as a deterrent to others with insatiable desires. But that appears not to be the case. Apparently great power, like drugs, dulls the wit.

Fleecing a company or the public should not remain a secret for long if we are paying attention to overt manifestations of wealth. One possible conclusion about this lack of exposure is that others who are also at the top of this game are playing in the same ballpark. Perhaps they are keeping their own secrets and respecting those of their peers. Crooks do not rat in other crooks.
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