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Originally Posted by philanderer
I'm willing to bet a lot that I can safely assume this profit margin will stay at a steady 5 billion or increase over the next quarter. Why? I'll tell you...First and foremost BP lost money on its operations in the United States because of the devestating hurricanes here (the predicted quarterly profit was higher than 5.3 B)...Secondly oil consumption is about to rise because of the winter season. This is the time oil prices usually rise because of expected demand for heating...and more importantly when a exec at one of these companies sees a profit like this he/she trys his/her damndest to make the profit stick, like say by launching a PR friendly commercial campaign  . Makes them look less like money hogs and more like environmentalists in the public's eyes. Getting it? |
I understood what you were saying before, I just didn't agree with your assessment. You don't seem to understand the purpose of a corporation. It is to make money-nothing more. And just because they aren't giving enough of what you feel to be their fair share doesn't make them wrong, nor invalidate the contributions they make.
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And I understand what capitalism is of course. The problem in America, and the reason there are economic problems such as outsourcing (not to single that out) is because all these companies look at is profit, money. There is also such a thing as socially consciuos capitalism...which may never be accepted but should be.
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Social conscious capitalism is an oxymoron. A statement like that makes me think you really don't understand capitalism. Capitalism is not a working mechanism for social consciousness, because capitalism relies on everyone working in their own self interest, even if that's at the expense of society. They are conflicting ideals. And a corporation (if it's opperating as a proper capitalistic body, as it should be unless management wants the board to fire them) opperates best as a revenue-generating machine, and is not the proper medium for doing anything but looking at a bottom line. It is up to the people (through the gov't) to take strides to make sure that what is most profitable to corporations also coincides with society's interests. It isn't enough to just brand companies as evil and just say they should be better, you have to give them incentive.