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OpEdNews Op Eds    H2'ed 7/20/10

Public Anger and Distrust of Business and Government

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Prior to public knowledge about Wall Street banksters, corporate scandals outing Enron, Worldcom, Tyco, and other company executives fueled growing anger and distrust, management consultant Michael Hammer saying:


"There is a sense that business is a zero-sum game, that if companies are making a lot of money, it must be coming out of someone else's pocket."


In Le Pere Goriot, Honone de Balzac (1799 - 1850) wrote:


"The secret of a great success for which you are at a loss to account is a crime that has never been found out, because it was properly executed."


He meant behind every great fortune lies a crime, far greater today on a global scale, but just as harmful to those hurt.


In a Roper July/August 2005 poll, 72% of respondents said wrongdoing was widespread in industry, only 2% feeling corporate bosses are "very trustworthy," 9% having full trust in financial institutions, one executive saying the term "crooked CEO is redundant."


In a November 2005 Harris poll, 90% of respondents said corporations have too much influence in Washington, 68% believed the media are too powerful, few expecting government to intervene and help.


In his April 26, 2010 Forbes.com article, Brian Moriarty headlined, "Why Everyone Distrusts Both Business and Government," saying:


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VISIT MY WEBSITE: stephenlendman.org (Home - Stephen Lendman). Contact at lendmanstephen@sbcglobal.net.  My two Wall Street books are timely reading: "How Wall Street Fleeces America: Privatized Banking, Government (more...)
 

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