Pilant's Business Ethics

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Tag: government

Andrew Comments on the Post – The TARP Bank Bailout Saved Huge Financial Institutions But the Benefits Failed to Trickle Down to Most Americans

Andrew comments on my previous post – The TARP Bank Bailout Saved Huge Financial Institutions But the Benefits Failed to Trickle Down to Most Americans.

Andrew comments with some regularlity on my posts. Here are his latest thoughts –

You mean trickle down economics doesnt actually work!?  Who would’ve thought it!!!!????  That type of economic mechanism only works when the business leaders allow it to happen.  In this case, greed led these executives to run their companies into the ground.  In response, the government bailed them out with a program that could only be effective if they behaved unselfishly and without greed.  Hmm…

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Are Things As Bad As They Seem? (via Info Ink)

Yes, they are every bit that bad.

James Pilant

The partisanship…..the extremism……lack of respect…….the out right lies…….the misinformation (and yes, it is different from lies)…….and it all comes down to the American voter….YOU voted for morons and now you are paying the price for that vote…..I know, what could be so bad we might get lower taxes and balanced budget and spending controls….what could be so bad? Glad you asked!  While you were bobbing and weaving through t … Read More

via Info Ink

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Japan Passes Law To Cleanse Internet Of ‘Bad’ Fukushima Radiation News (via THE INTERNET POST)

Predictable, I wonder why it took so long. As radiation is detected in larger and large amounts further and further away from the damaged nuclear plants, I guess things just started to get annoying. So, we’re just going to give all those nasty news agencies a good talking to!

James Pilant

Japan Passes Law To Cleanse Internet Of 'Bad' Fukushima Radiation News ‘The supposedly free democratic nation of Japan, which supposedly values and promotes freedom of speech, has officially issued orders to telecommunication companies and webmasters to remove content from websites that counter the official government position that the disaster is over and there is no more threat from the radiation. The government charges that the damage caused by earthquakes and by the nuclear accident are being magnified by irresp … Read More

via THE INTERNET POST

More hidden and ugly truth about Ferdinand and Imelda Marcos, revealed (via Quierosaber’s Blog)

I share the author’s concerns. After their wanton looting of the Philippines, Ferdinand and Imelda Marcos, should not be welcome in any civilized society.

James Pilant

The family of the notorious Filipino strongman, Ferdinand Marcos, has been back in the country for sometime now, accepted and forgiven. As if they were the ones wronged and not the entire nation and its people physically subjugated, oppressed and robbed by them during the despot’s 20-year rule, the short-lived m … Read More

via Quierosaber’s Blog

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Canada, we have an ethics problem in government (via Nechakogal's Blog)

I share the concern with ethics in the field of economics and politics. It seems that economics has become, in many or most cases, little more than selling your views for the most benefits in terms of money and influence. The truth does not pay well and after a while and a little self indoctrination, it will all look all right and the conscience will clear.

I would have expected more from the academic field of economics but the politician as an animal generally is a feral creature not subject to domestication. I am not sure ethics reaches the government save as a source of amusement.

Really good post. I recommend it.

James Pilant

My thanks to Nechakogal’s Blog.

Canada, we have an ethics problem in government I have done several posts about economists and the stunning lack of ethics for this profession, but I completely overlooked the profession of the politician despite awareness that the state of ethics among our politicians and in the structures housing our democracies.  I was also persuaded that simply changing the party in power and the nature of how our votes are represented would result in the solution, but I am now convinced that no system wil … Read More

via Nechakogal’s Blog

Terry Jones Needs to be Committed (via Off the Top o' My Head)

I don’t know if Terry Jones is insane or not. I don’t know if he should be committed for a long period of time. However, I do know that his conduct merits temporary custody and a mental exam by a professional. There certainly seems to me enough evidence of deviate behavior to merit such custody.

Even if he were found sane, the fact that he was examined would convey to the Muslim world how strange we find his behavior.

People in other nations find our willingness to allow virtually anyone to have their own church to be bizarre and a good number believe Christianity is a top-down organization with some kind of control. Churches in the United States cover the spectrum from the sublime to the bizarre. People in nations with more unified religions do not get this.

I’ve never been anywhere but the United States and sometimes, I find it bizarre. “That’s a church!,” I’ll think to myself while watching people handle snakes or preach that the bible is a self help handbook on how to get rich. How much more do the adherents of Islam find behavior here odd?

Let’s do something about Terry Jones.

James Pilant

Please read the post from Off the Top o’ My Head. He is more eloquent than I.

Terry Jones is coming to Dearborn, Michigan to celebrate Adolph Hitler’s Birthday on April 22, 2011, but his mental instability is indicated by the fact that he is two days off. Hitler was born on April 20, 1869. Jones plans to demonstrate against Islam and is hoping for a large turnout of like-minded religious nutcases. Just as Timothy McVeigh hoped to incite racial conflict and blew up the Murrah Federal Building as a means to that end, Jones w … Read More

via Off the Top o My Head

Not All Pirates Are in Somalia (via Off the Top o' My Head)

This is some great writing. Many people are upset by the enormous salaries that CEO’s are pulling down and have conveyed their rage online. But few have explained the mechanics of the corporate system that make these salaries possible.

I visited “Off the Top o’ My Head.” I was impressed by the writing. This is a thoughtful author and he brings legal elements into his reasoning but not too much. The writing is very approachable. You should give this site a visit.

This is his business page.

James Pilant

General Electric Co. made news last month when it reported U.S. profits of $5.1 billion and worldwide profits of $14.2 billion, but paid no federal corporate income tax. GE even reaped a net tax benefit of $3.2 billion. What the newsies do not mention is that the government additionally subsidized the ridiculous wealth GE and other corporations lavish on their executives. Uncle Sam must miss a lot of sleep staying up nights to figure out how to p … Read More

via Off the Top o My Head

Net Neutrality: Who Should We Be Most Afraid Of? (via Rebecca Reynolds)

Excellent article on net neutrality. Thoughtful and intelligent. We need more like it.

She asks the important questions. What values are at stake here? What are our choices? But she ties all this in with some history of the developing media of the last fifty years.

Good writing. Please go and have a look.

James Pilant

Net Neutrality: Who Should We Be Most Afraid Of? The idea of open, accessible, unmoderated forums for discourse and exchange inspires me. Afterall, that is what I do for a living: I design processes that enable many people to engage in collaborative decision-making. That technology could push this process open even further, to many more people, to a borderless conversation, a churning think tank for innovation is a possibility I dream of. For this reason, I have been an increasing proponent of … Read More

via Rebecca Reynolds

Only 26% Americans trust financial system (via MSNBC.com)

Does this level of mistrust damage our society? It should be obvious, that people don’t invest with people they don’t trust. And I find it hard to believe these numbers aren’t reflected overseas.

What about a nation where the major institutions are held in widespread contempt? Congress, the courts, state governments, the health care system – would you feel comfortable running any of them in popularity contest?

What about corporations? From the article

Adbusters Corporate Flag

Big corporations fared the worst in the survey, with just 13 percent of Americans saying they trust these major businesses. That’s the same level as the first quarter of last year and down from the middle of 2010.

The stock market also isn’t high on Americans’ list of trusted organizations, with just 16 percent of Americans saying they trust that institution. Again, that’s the same percentage as last March.

Banks and mutual funds fared better, at 43 percent and 31 percent, respectively. Among all the components of the index, the banking system has seen the biggest percentage gain in trust this year.

This is a very serious matter. These levels of distrust, probably even hatred, are reflected in actions. Could the idea that vaccinations caused autism have gained traction without widespread distrust of the pharmaceutical industry? Children have died because of the lower rate of vaccinations.

These are not signs of a healthy society. They are the signs of a distressed society, a society where things no longer work. Trust abandonment can manifest in many ways. Most likely, we will see more and more political volatility.

Elections will be won by groups who claim to have all the answers. When they fail to deliver, they will be thrown out in mass. Election victories will go more and more to extremists. And when those winners fail to deliver, there will be another cycle where they are thrown out. It will make stability impossible and each cycle will further radicalize the nation.

We are already seeing the embrace of abandoned ideas and discredited ideologies. Of course, the system may return to stability for any of wide number of factors. But I don’t think so. The mistrust, the hatred, is too deep.

James Pilant


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