Friday, November 5, 2021

mr smith presents an intro into corporate crimes and lack of punishment here for those who really want to know; 


November 4, 2021

If America's total dependence on corporate profits and stock market/housing bubbles is just fine because the bubbles just keep inflating, there's nothing left but rot.


It's becoming a routine story: a whistleblower emerges with copious documentation, revealing the ethical / managerial rot at the very top of Corporate America icons. Recently it was Facebook that was revealed as devoting far more resources to masking corporate guile than to actually improving longstanding ethical and quality issues.

Now it's Pfizer's fast and loose treatment of supposedly rigorous protocols that's been heavily documented. The prestigious British Medical Journal (BMJ) stated that the whistleblower provided "The BMJ with dozens of internal company documents, photos, audio recordings, and emails." BMJ Investigation: Researcher blows the whistle on data integrity issues in Pfizer's vaccine trial.

The purpose of playing fast and loose is to maximize profits regardless of any other factors. And while corporations exist to maximize profits, the trend in Corporate America is to sacrifice everything to maximize profits and keep the putrid sewage hidden from regulators, the media and the public.

This isn't about profit, it's about hiding the rot that has seeped into every nook and cranny of Corporate America. The foundation of the stock market's extreme valuations is corporate profits, and the stock market bubble is now the precarious foundation of the entire U.S. economy: should the bubble pop, everyone knows the economy and the financial system will both crash.

The usual corporate strategy--defame the whistleblower and blow smoke to cover the rot--loses traction when the rot is documented by internal memos, recordings, etc. It's difficult for the lackeys of Corporate America to dismiss the British Medical Journal as just another tin-foil-hat outlet of "fake news," especially with all the documentation now made public.

Lost in the obsession to profiteer and hide the rot is the notion that corporations have responsibilities to the public and their customers/users, not just to greedy managers and shareholders. These responsibilities have been tossed into the muddy ditch..........read more..........

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