And it profits none

If there’s anything Enron, the West Virginia mine tragedies, AIG and Goldman Sachs have taught us is that corporations care about safety, employees, doing the right thing, because capitalism and the mystical magical “invisible hand of the market” encourages corps and their owners to not put profit above all else!

Oh, wait….

  • “A Smoking Gun in BP’s Deep Horizon Mess”
  • http://www.thomhartmann.com/forum/2010/05/smoking-gun-bps-deep-horizon-mess
    “Seems that a crew from Schlumberger, on contract to BP, hightailed it off the platform at their own expense 6 hours before the blowout becuase BP refused their recommendation to shut down the well.”

  • “Costly, time-consuming test of cement linings in Deepwater Horizon rig was omitted, spokesman says”
  • http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/05/costly_time-consuming_test_of.html

    And the well-written and summary of the foundational causes of corporate disasters (whether it’s natural disaster or economic disaster)

  • BP Oil Spill A Crime Not A Disaster
  • http://www.socialistwebzine.org/2010/05/bp-oil-spill-crime-not-disaster.html

    “BP has fought the federal government on safety procedures that might have minimized the impact of the most recent spill for more than a decade. CEOs do not get bonuses based upon ensuring future generation’s access to resources, clean air, or a hospitable climate. The purpose of corporations is not to oversee the welfare of the people of the world, but to make money. Environmental damage is not factored into the corporate calculations of costs and profits. Instead, environmental damage is viewed as the collateral damage of the free market in operation.”