You only have to look into the record of global businesses, including most of the major brands that the public use, to give you an idea of of how these businesses regard good business ethics as pure garbage. Take a count of the number of major brands that have been fined millions for breaking ethical business laws. You would be surprise of how staggering the number is. Money and not ethics is what rules.
Companies that do not stick by the principles of business ethics and breaks the laws, usually end up being fined. Breaking the anti-trust , ethical and environmental laws is so rampant and while millions of fines are often imposed on companies that break these laws the practice continues. But really, why should these companies worry about fines when fines are just minuscule compared to the profits they make? Why should they care about business ethics when such would just be on their way from amassing billion dollar profits? They should because often the lack of business ethics can place people's lives on the line. But then they would not care because most often the people they harm are invisible or are unaware.
The poorest people, in many cases children, are put to work breaking apart TVs, mobile phones, game consoles and other electronic items that arrive in their tonnes. With no safety measures, they are exposed to highly toxic chemicals, including mercury, which damages the brain; lead, which can damage reproductive systems; and cadmium, which causes kidney damage.
But then, they are just poor children in never heard of part of the world. Who cares? Let us go let these unethical businesses live or wait until the time they knock on our own doors before we cry foul. That is if they have not already sneaked into our back doors and have made themselves at home.
Consumers vote with their dollars. Unfortunately most consumers just want what is cheap, regardless of the ethics behind the business or lack of relationship between business and consumer. That's my 2 cents anyway. This was a great post to read. Thanks!
ReplyDeleteGreat post!
ReplyDeletePeople need to be educated - at best in primary school - so they will become discernable buyers later on.
Also, companies with unethical business practices should be exposed in a big way. Fines rarely solve anything.