American companies drop in world's eyes

[mrswdk]

Scandals suggest standards have slipped in corporate America

Boeing faces claims that it sold 737 max planes with dangerous software. It says it is “taking actions to fully ensure the safety of the 737 max”. Criminal charges have been filed against Goldman Sachs in Malaysia for its role in arranging $6.5bn of debt for a state-run fund that engaged in fraud. Goldman says it is co-operating with investigators. A jury in California has just found that Monsanto failed to warn a customer that its weedkiller could, allegedly, cause cancer. Bayer, a German firm which bought Monsanto in June, says it will appeal the verdict.

Wells Fargo, one of America’s biggest banks, has admitted creating 3.5m unauthorised bank accounts. It says it is working to “rebuild trust with our stakeholders”. Facebook is ensnared in scandals; its data practices have come under scrutiny in several countries. The firm says “we need a more active role for governments and regulators”. Some 146m customers of Equifax, a credit-scoring firm, had their personal details stolen in 2017. It is being sued for negligence, according to its annual report. A recent document for its investors says protecting information is “our highest priority”.

Then there is the opioid epidemic, which involves not only Purdue Pharma, the maker of OxyContin, but also, according to a lawsuit by New York’s attorney-general, other firms including McKesson and Johnson & Johnson. Purdue says it is “deeply concerned” about opioid addiction. Last year McKesson also said it is “deeply concerned” by the epidemic and that its board has “enhanced oversight procedures related to opioid distribution”. Johnson & Johnson says it is “committed to ensuring its medicines are used correctly".

ad nauseum

https://www.economist.com/business/2019 ... te-america

The list goes on. If you want quantity and your child to get arsenic poisoning, buy Made in America. If you want quality, buy Huawei.

[mookiemcgee]

Scandals suggest standards have slipped in corporate America

Boeing faces claims that it sold 737 max planes with dangerous software. It says it is “taking actions to fully ensure the safety of the 737 max”. Criminal charges have been filed against Goldman Sachs in Malaysia for its role in arranging $6.5bn of debt for a state-run fund that engaged in fraud. Goldman says it is co-operating with investigators. A jury in California has just found that Monsanto failed to warn a customer that its weedkiller could, allegedly, cause cancer. Bayer, a German firm which bought Monsanto in June, says it will appeal the verdict.

Wells Fargo, one of America’s biggest banks, has admitted creating 3.5m unauthorised bank accounts. It says it is working to “rebuild trust with our stakeholders”. Facebook is ensnared in scandals; its data practices have come under scrutiny in several countries. The firm says “we need a more active role for governments and regulators”. Some 146m customers of Equifax, a credit-scoring firm, had their personal details stolen in 2017. It is being sued for negligence, according to its annual report. A recent document for its investors says protecting information is “our highest priority”.

Then there is the opioid epidemic, which involves not only Purdue Pharma, the maker of OxyContin, but also, according to a lawsuit by New York’s attorney-general, other firms including McKesson and Johnson & Johnson. Purdue says it is “deeply concerned” about opioid addiction. Last year McKesson also said it is “deeply concerned” by the epidemic and that its board has “enhanced oversight procedures related to opioid distribution”. Johnson & Johnson says it is “committed to ensuring its medicines are used correctly".

ad nauseum

https://www.economist.com/business/2019 ... te-america

The list goes on. If you want quantity and your child to get arsenic poisoning, buy Made in America. If you want *stolen IP*, buy Huawei.

Fixed

[KoolBak]

It's not arsenic, but it's close. Go China!!

https://www.cbsnews.com/news/china-teacher-accused-poisoning-kindergarten-students-jiaozou/

[2dimes]

While I agree corporations are not as wholesome as they tended to be in the past world wide. They are structured to maximize profits, most of the OP examples are not malicious, as the saying goes, "It's just business."

While things such as the hormones in most dairy products in the USA are probably pretty bad they are not outright known poison.

Let's conveniently overlook the melamine in baby formula incident a few years back you can google to find out where that happened. Granted they probably did the right thing by executing some employees over it but it was still pretty bad.

[Bernie Sanders]

Or poisonous dog food that was exported worldwide from China or children toys that had lead and other heavy metals in them.

Mrswdk, thanks for warning the world on the lax standards on manufacturing food and other items that are produced by those Chinese bastards!

[waauw]

corporations are not as wholesome as they tended to be in the past

When were they ever?

[armati]

Fixed? "If you want *stolen IP*, buy Huawei."
Somebody doesnt know that facebook,google record and store all info about their users.

The U.S. has lost respect from the world, it took long enuff.

Tainted paint on toys etc from China did happen, but it has since been fixed, the americans on the other hand continue to bully, attack and threaten the planet with nuclear war.

The world has grown tired of these Zionist warmongers, to be honust alot of americans have grown tired of them too, not nearly enuff have opened their eyes tho.

[mookiemcgee]

Fixed? "If you want *stolen IP*, buy Huawei."
Somebody doesnt know that facebook,google record and store all info about their users.

What does companies storing customer info have to do with intellectual property? Looks like someone doesn't know what words mean.

[armati]

"Two decades ago, the US intelligence community worked closely with Silicon Valley in an effort to track citizens in cyberspace. And Google is at the heart of that origin story. Some of the research that led to Google’s ambitious creation was funded and coordinated by a research group established by the intelligence community to find ways to track individuals and groups online.

The intelligence community hoped that the nation’s leading computer scientists could take non-classified information and user data, combine it with what would become known as the internet, and begin to create for-profit, commercial enterprises to suit the needs of both the intelligence community and the public. They hoped to direct the supercomputing revolution from the start in order to make sense of what millions of human beings did inside this digital information network. That collaboration has made a comprehensive public-private mass surveillance state possible today."

https://qz.com/1145669/googles-true-ori ... veillance/

You think these people can not take all the intellectual property they want at will?

[jusplay4fun]

American actions since World War II have kept the world, as a whole, out of World War III. It is called Pax Americana. This has allowed most of the world to THRIVE and increase the standard of living for most citizens of the world, except where despots and madmen rule or where anarchy or war prevails.

"Global poverty has fallen to a record low. The World Bank says 10 percent of the world's population lived on less than $1.90 a day in 2015, down from 11.2 percent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down from 804.2 million."

the americans on the other hand continue to bully, attack and threaten the planet with nuclear war.

[mookiemcgee]

American actions since World War II have kept the world, as a whole, out of World War III. It is called Pax Americana. This has allowed most of the world to THRIVE and increase the standard of living for most citizens of the world, except where despots and madmen rule or where anarchy or war prevails.

"Global poverty has fallen to a record low. The World Bank says 10 percent of the world's population lived on less than $1.90 a day in 2015, down from 11.2 percent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down from 804.2 million."

the americans on the other hand continue to bully, attack and threaten the planet with nuclear war.

Good luck trying to get the "world is actually better off now" argument across to armani. His only arguments consist of "Gold, Zionists, Russia is great country, and America Bad", he's quite the broken record here on CC. Oh that and he can't figure out how to link correctly to youtube, so be prepared for some broken links to Antisemitic websites Jusplay

[jusplay4fun]

I avoid arguing with most fools. What is more foolish than arguing foolish things with a fool? (Ok, I have tried to convince fake burn what a fool he is; BUT he does not get "IT"....LoL...what a SHOCK that is....!)

fake burn is nearly always WRONG, except when he is talking about CHINA.

American actions since World War II have kept the world, as a whole, out of World War III. It is called Pax Americana. This has allowed most of the world to THRIVE and increase the standard of living for most citizens of the world, except where despots and madmen rule or where anarchy or war prevails.

"Global poverty has fallen to a record low. The World Bank says 10 percent of the world's population lived on less than $1.90 a day in 2015, down from 11.2 percent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down from 804.2 million."

the americans on the other hand continue to bully, attack and threaten the planet with nuclear war.

Good luck trying to get the "world is actually better off now" argument across to armani. His only arguments consist of "Gold, Zionists, Russia is great country, and America Bad", he's quite the broken record here on CC. Oh that and he can't figure out how to link correctly to youtube, so be prepared for some broken links to Antisemitic websites Jusplay

[Bernie Sanders]

Forgive your Dad my little illegimate son. Your constant unwarranted attacks on me is understandable.

Your continued attacks on me will only result in me leaving you nothing in my WILL. My other offsprings will just get more assets from me.

[armati]

Pax Americana? What a pile of horsesh#t.

A 'relative peace' for the truly brainwashed to believe in I suppose.

Guatemala 1951
Cuba 1961 was real special, nearly killed us all.
Brazil 1964
Chile 1973
Argentina 1976
Grenada 1979
Nicaragua 1985 sold missiles to big bad evil Iran to pay for the Contras.
Panama 1990

Today Venezuela

Pax Americana? peace? maybe think for yourself?

Peace to these people is simply eliminate anyone they dont control
allowing the total rape of nations and fuk their environment.

As for the world raised from poverty, yupper, the american companies moved to China,India,Pakistan and anywhere else they could lower wages, not giving a sh$t about the jobs lost or living standards in N America, it was done to increase share prices, bonuses,profits and dividends, far from the goodness of their hearts or any intention of lifting people from poverty.
(if you didnt own shares in these companies you benefited diddly)

China took full advantage of american corporate greed and now becomes the largest most influential economy on the planet.
Kudos to them.

Pax Americana

[riskllama]

Pax Americana? What a pile of horsesh#t.

A 'relative peace' for the truly brainwashed to believe in I suppose.

Guatemala 1951
Cuba 1961 was real special, nearly killed us all.
Brazil 1964
Chile 1973
Argentina 1976
Grenada 1979
Nicaragua 1985 sold missiles to big bad evil Iran to pay for the Contras.
Panama 1990

Today Venezuela

Pax Americana? peace? maybe think for yourself?

Peace to these people is simply eliminate anyone they dont control
allowing the total rape of nations and fuk their environment.

As for the world raised from poverty, yupper, the american companies moved to China,India,Pakistan and anywhere else they could lower wages, not giving a sh$t about the jobs lost or living standards in N America, it was done to increase share prices, bonuses,profits and dividends, far from the goodness of their hearts or any intention of lifting people from poverty.
(if you didnt own shares in these companies you benefited diddly)

China took full advantage of american corporate greed and now becomes the largest most influential economy on the planet.
Kudos to them.

Pax Americana

how come you only listed the countries in South & Central America?

[waauw]

Pax Americana? What a pile of horsesh#t.

A 'relative peace' for the truly brainwashed to believe in I suppose.

Guatemala 1951
Cuba 1961 was real special, nearly killed us all.
Brazil 1964
Chile 1973
Argentina 1976
Grenada 1979
Nicaragua 1985 sold missiles to big bad evil Iran to pay for the Contras.
Panama 1990

Today Venezuela

Pax Americana? peace? maybe think for yourself?

Peace to these people is simply eliminate anyone they dont control
allowing the total rape of nations and fuk their environment.

As for the world raised from poverty, yupper, the american companies moved to China,India,Pakistan and anywhere else they could lower wages, not giving a sh$t about the jobs lost or living standards in N America, it was done to increase share prices, bonuses,profits and dividends, far from the goodness of their hearts or any intention of lifting people from poverty.
(if you didnt own shares in these companies you benefited diddly)

China took full advantage of american corporate greed and now becomes the largest most influential economy on the planet.
Kudos to them.

Pax Americana

Pax Americana doesn't mean an absolute peace. It means a relative peace, in the sense that no major wars were fought where the entire system is put to a halt.

[mrswdk]

No majors wars, leaving aside the 11-12 million deaths America caused by intervening in Korea, Vietnam, Afghanistan, Iraq, Libya and Syria, plus the various proxy wars it fought in Africa and South America during the Cold War. You're right though that there were no major wars in Europe, so it's all good.

[armati]

mrswdk

Its closer to 30 million dead from american peace since 1945.

waauw

Sure no major war but there has hardly been peace.

The hoards moving north now are a direct consequence of that peace, so we are paying for it.

[HitRed]

When do we get to add Empire behind the words United States?

[waauw]

No majors wars, leaving aside the 11-12 million deaths America caused by intervening in Korea, Vietnam, Afghanistan, Iraq, Libya and Syria, plus the various proxy wars it fought in Africa and South America during the Cold War. You're right though that there were no major wars in Europe, so it's all good.

The same was the case during the Pax Romana and Pax Brittanica. The Romans still dealt with border wars, whilst their internal market flourished with peace and stability. In the 19th century the prussians expanded their empire, the americans fought a civil war and colonial nations occupied; but still their was stability in the global arena as the British guaranteed/enforced global trade.

So I'll reiterate what I said before 'Pax Americana does not mean absolute peace'.

[mrswdk]

What system and what stability are you talking about? Even during WWII the global society and economy didn't collapse. Economies in the Americas and Africa grew pretty rapidly between 1939 and 1945, for example, as did Australia's.

[waauw]

What system and what stability are you talking about? Even during WWII the global society and economy didn't collapse. Economies in the Americas and Africa grew pretty rapidly between 1939 and 1945, for example, as did Australia's.

During WWII trade vessels had to be organized in convoys to arrive at their destinations. People had to ration supplies and large capital was taxed at war-rates. I don't see how you think the scale of impact, nor the geographic scale of this war was anything close to Korea, Vietnam, Iraq, nor any other one of the wars you mentioned.

The reasons the USA and Australia grew was because their economies were stimulated in a very Keynesian way to support war-efforts. Factories in Europe and Japan got bombed, therefor replaced by production elsewhere. You have to keep in mind that prior to WWII even the USA was still largely considered an agrarian economy. The USA only became the grand industrial player because their competition got annihilated, literally.

Africa grew because investments, which were channeled to Europe, were now reinvested locally instead.

[mrswdk]

IOW 'yes the Americas, Africa and Australia grew, but Europe had a tough time therefore this was a global calamity'

[waauw]

IOW 'yes the Americas, Africa and Australia grew, but Europe had a tough time therefore this was a global calamity'

IOW 'yes all these countries and continents were involved in war, but it doesn't serve mrswdk's purpose so let's blur that out'

[mrswdk]

Your original statement was that "no major wars were fought where the entire system is put to a halt." Your definition of "the entire system is put to a half" appears to be "economies in most parts of the world continued to grow, but shipping had to be done in convoys and there was rationing."

If that's your definition of the 'system being put to a halt' then the global system was also put to a half in 2008 during the financial crash, which was triggered by America's mismanagement of its economy. Plus these most recent decades have seen pollution and global warming accelerate - increasing rates of drought, famine, natural disasters and civil unrest across the globe - and that acceleration has been spear-headed by America's obstruction of international efforts to do anything to solve the issue. And that's on top of America slaughtering and displacing tens of millions of people globally over the past few decades through its hot and proxy wars. Some pax.