GE is too big to jail

~ susie

And they wonder why ordinary people no longer have respect for the law? Because it’s so inequitably applied!

GE Too Big To Jail (via LA Progressive)

Can the world’s biggest corporations act with impunity? When it comes to General Electric (GE) — the eighth-largest U.S. corporation, with $146.9 billion in sales and $13.6 billion in profits in 2012 — the answer appears to be “yes.” Let…

Published by susie

2 thoughts on “GE is too big to jail”

  1. “Government can easily exist without law, but law cannot exist without government.” Bertrand Russell. Currently we have neither justice or a functioning government.

  2. Yeah. My brother-in-law works for 3M. 3M was one of the “lucky” companies that got “apostles” in the form of executives leaving GE after Welch’s tenure to go and spread the word of profit centers. Every freaking operation in a company had to be a profit center, according to St. Jack the Welch. And lo and verily, the word was spread.

    So, R & D units at 3M had to start showing they were making a profit. What? In R & D?? ‘We’re not a production center, they protested.

    But, lo, their protestations fell on Oh-So-Deaf ears, for verily St. Jack the Welch had decreed otherwise, and thus it must be. So, resources were withheld from nonprofitable R & D centers, until they learned the True Gospel of moving costs elsewhere, and otherwise fudging the books.

    Only then could they pass through the portals unto glory.

    You know, climate change is the biggest environmental problem we face.

    But not far behind is all those freaking nuclear power plant cores which must rely on a supply of cooling water forever and ever to prevent meltdown. Hundreds of those things are going to meltdown all over the world, near population centers – as corporations – true to the profit motive to the end – decide to walk away from them as it becomes clearer and clearer that – by golly – the economy cannot have limitless growth, and that we have to pull back.

    I can see fossil fuel companies like Exxon/Mobil and the Cock Brothers making bad environmental decisions. They are horrible. They do not really make the products they sell – they just find them.

    But in a lower ring of Hell, I would put GE. They make their products. They know enough about the engineering to know things can go wrong. But they want to “externalize” all this – even though somewhere within that company somebody knows that is the wrong thing to do.

    At GE, we bring good things to life.

    If you count Zombies as “good things”.

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