Sunday, November 23, 2008

Commerce without Morality

With the American auto industry in financial trouble and asking for a “bridge loan” a.k.a. bail out, it looks like our corporate citizen’s neglect has finally ran its course. What’s interesting to me is how so many jobs are considered collateral damage or at best a bargaining chip. The big three claim 58 million jobs and 4% of the American GDP will disappear if they were allowed to fail (part of the estimated 58M comes from lunch counters that won’t be patronized by the big auto employees). With these eye popping numbers one has to ask what can the corporate citizens do to ensure this from repeating? They might be warned to consider Gandhi’s “seven deadly social sins” one of which warns of “Commerce without Morality.”

Regardless, once again it looks like the little guy or in this case private citizens will get the raw side of any deal struck. Luckily for us the men and women on capital hill are demanding the leaders come with a plan to ensure liquidity. However, I’m willing to bet by the time congress comes back from the holiday and approves whatever dollar amount, one of the big three will have passed on to auto maker heaven.
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