Thread: Globalization
View Single Post
Old 06-17-2007, 06:22 AM   #27 (permalink)
notic
Advocate
 
notic's Avatar
 
Join Date: Oct 2005
Location: Vancouver, B.C.
Posts: 802
My Mood:
Thanks: 179
Thanked 147 Times in 88 Posts
notic has a spectacular aura aboutnotic has a spectacular aura aboutnotic has a spectacular aura about
Re: Globalization

Quote:
Originally Posted by Rob View Post
Hmmm, maybe they don't "owe" society, but they do play a leadership role in society and with that should come an ethical responsibility.

Some small towns might be entirely reliant on one major industry or one major company -- an entire population can be devastated when companies restructure or close down a factory. Of course, closures are not done lightly, they are usually only done out of economic necessity.

i guess thats the sad part about capitalist societies. the general population is not only governed by local laws but also by price. whether it be the price of labour or the price of inputs such as oil, corporations and elected officials will adjust to suite the economy. i do agree with you that something should be done about major closures, but heavy government intervention (protectionism) usually doesn't seem to work. a possible government funded re-education program might work or maybe a change in the mores of the corporate world is needed in order for there to be a sustainable solution.
notic is offline   Reply With Quote