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In reply to the discussion: Venezuela's 'socialist paradise' turns into a nightmare: Medical shortages claim lives as oil price [View all]Dustlawyer
(10,539 posts)growth of markets, but now everything is about quarterly profits and squeezing every penny out of their assets. Refiners here where I live used to maintain their plants, spend money to make money. Now, a mid-level manager may be over two or three units and his bonus, raises, and promotions are dependent on whether those units are making huge profits in the 1-2 years he will be over them. If those units needed all new piping because the x-Rays show them to be too thin, or some other expensive vessel needs to be replaced, he is going to wait. Once he is promoted those pipes will be the next guys problem. If he replaces them then he gets little to no bonus and may get demoted or worse. This is what happened in the BP Texas City plant explosion in 2005, that killed 15 and injured thousands.
The greed is out of control! Everyone wants to make CEO pay right freakin now! For the heads of these corporations, it has to be record profits every time, everything else is unimportant! People and the environment do not matter anymore. With limitations and caps on most lawsuits now, and jurors brainwashed to believe that every plaintiff in a lawsuit is someone who is a fraud, corporations don't have to worry much about safety or the EPA. The regulatory agencies have been gutted, starved, and headed by industry whores fresh from the revolving door.
The real root problem is that the Capitalist have been able to bribe the politicians of both parties to gain control over the government. They have been allowed to consolidate into oligarchies while we were watching their media networks blind us to the truth of what is happening. We no longer have a Representative Democracy, we have Fascism!