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PAX, LUX ET VERITAS SINCE 1965
Post Capitalism
Created by Ronald Hilton on 12/30/99 12:35 AM

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Capitalism (Ronald Hilton, USA, 12/30/99 12:35 am)

Tor Guimaraes describes businessmen as too harried and harassed to concern themselves with much beyond surviving in a competitive world:
     "It is very difficult to balance one's duties as a citizen of the world, a corporate officer responsible for the welfare of the employees, and the growth of shareholder value in an increasingly competitive world. The pressure from conflicts among these different perspectives can be overwhelming so expediency, survival, and short term interest dominates the decision making process. Unless there is strong government pressure executives will tend to avoid social and environmental restrictions. It is more expedient to send forth your PR team, call in a few political chips, etc than to spend a fortune protecting society and the environment. I believe in the long run everyone would be better off if this short term philosophy was discarded but you try selling that to executives under pressure form shareholders, competitors, and their own stupidity."


     My comment: It was the case of the Total oil company which started this discussion. As a result of the "Erika" disaster, the French government says it will increase controls. However, no one has explained why the number of government ship inspectors was reduced from nearly eighty to under fifty, which was one cause of this disaster.


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