5. SELL DANGEROUS, HARMFUL PRODUCTS - In order to maximize profits, they are tempted to sell dangerous or harmful products.
6. CONTINUOUSLY SEEK GREATER PRIVATIZATION AND DEREGULATION - Pretending to be "efficient," they transfer ownership and economic control from the Public to the Big Investors. And if Corporate Greed totally overwhelms their morality, who will protect the Public from their rampaging excesses?
Please also see "The Twin Frauds Of Privatization And Deregulation" at => http://www.loveallpeople.org/twinfrauds.html
SO WHAT SHOULD WE DO?
We need profit-seeking corporations because they are very efficient and very innovative. They are quick to provide products and services to fill needs, if the profit is there. They can do great things very quickly. But they cannot be trusted to protect the Public, if it hurts their profits to do so. And it is unreasonable to expect that they should - unless they are somehow compelled to do it. But we cannot allow them simply to run loose, like rampaging elephants, trampling down whatever is in their path.
The answer is GOVERNMENT REGULATION! Yes, Government Regulation of profit-seeking corporations. Reasonable regulations, applied fairly, so that all the companies are in the same boat and nobody gets any special advantage. This is not difficult to do, but it does require some effort. And it requires going against the current right-wing Republican policies of Laissez-faire Capitalism: that profit-seeking corporations should be left alone to do whatever they choose to do in order to make profits.
Blessings to you. May God help us all.
Rev. Bill McGinnis, Director - LoveAllPeople.org
NOTE: HTML version of this message, with more links, is at http://www.loveallpeople.org/unregulatedcapitalism.html
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