- Capitalism and Alternatives -

you will be pleased to learn...

Posted by: Gee ( si ) on August 05, 1999 at 13:12:01:

In Reply to: Cheers. posted by Red Deathy on August 05, 1999 at 10:49:28:

: Indeed, but its a good example...

was a good example - things are moving on.

: Or rather, as in all firms, the management and owners didn't have any real knowledge or interest in running the company...

"all firms"? self interest (getting more for 'performing') apart lets see. The thing about companies being run by techs etc rather than business professionals is a big issue at the mo'. Many more competitive firms are hiring professional managers in the way that they would hire professional accountants, engineers etc. Its the seperation of capital ownership that partially allows better management of companies - the owners (mostly institutional investors and agnetless private individuals including employees) dont need / want to manage the business anymore, its recognised that they are not up to the job either.

A community owned firm would be in a similar position in that ownership and management would be partially seperated so owners wouldnt need / want to manage the company. The same principle of wide diverse ownership (shares or community) and focussed professional management.

Ofcourse in a community owned egalitarian organisation there would be no greater reward for a professional manager than for a part time cleaner each achieving the same economic return for vastly different productivity - they (mgrs) would all have to rely on being held in esteem, personal pride etc to take on a perform well in the role. unlikely at best, but you can appreciate the parallels.

: Any structure which encourages self interest, and is determined by budgets.

'budgets' are just resource allocaions, all structures encourage self interest, or rather self interest is inherant (you eat to live, seek pleasure and other values etc). The original 'problem' (empire building) wont go away.

: Bwahahahahahaha! they didn't even sound the emergency siren- lest they unduly alarm the people of bhopal. Read that again, rthe alarms stayed silent, silent.

rather broad use of the term 'initially' then, it seems.

: $930 m,illion dollars paid in compensation, a piddling sum per victim, knocked 50c off the share-price of Bhopal, when it was eventually paid.

No amount of dollars, nor the liquidation of the entire company (making people unemployed 'guilty by association?') would have helped. the Hospitals since built (by UC) in the Bhopal area are too late. Its always too late once its happened.

: :For the most part, the defense fell on deaf ears. The assumption seemed to be that the multinational conglomerate was seeking a scapegoat.

: Strange that.

The political establishment is always ready to blame companies for everything (obvserve smoking) - they are the universal scapegoats. the point was that UC may have been guilty as sin, or snow white innocent - its not necessarily relavent to what judgements follow.

Follow Ups:

The Debating Room Post a Followup