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corporate greed

Page history last edited by PBworks 15 years, 4 months ago

 

Corporate greed is fucked up.

I have all intentions on joining the marines next summer; but I’m worried because once you join any branch of the military you are then government property. Which I wouldn’t have a problem with if the government ran like it advertises, and not by suckling the teat of the corporate tyrants. But, none-the-less I need the financial help and would like to have the experience of being part of the few and the proud.

When was the last time you took a close look at the actions of the corporations? Do you realize the power given to the corporate CEO’s, and board members? For example, how about some corporations that everyone hates, the credit card companies. Anyone who’s had a credit card knows that all the “terms and conditions” are worded as convoluted and confusing as possible in order to fuck you over. In April of 2005 President Bush signed a bankruptcy bill making it harder to file bankruptcy. One of the biggest changes intentionally brought on by this bill was that the new bankruptcy laws would make it nearly impossible to clear yourself of credit card debt. Of course, this concept was fabricated by the credit corporations and banks so they’d receive every penny; but the quid pro quo was that the banks and credit companies would lower their rates. Needless to say, that didn’t happen in fact, all rates have raised since 2005. Why is this allowed? Why can’t I tell the government: if they lower taxes I’ll pay more, and in turn not do it? . . .

 

 

 

“So, experts say, if you were thinking about filing for bankruptcy, you might think twice -- or act twice as quickly, since major provisions of the law will go into effect six months from the day the law is signed.

Individuals filing for bankruptcy usually do so either under Chapter 7 or under Chapter 13.

In a Chapter 7 bankruptcy, your assets (minus those exempted by your state) are liquidated and given to creditors, and many of your remaining debts are cancelled, giving you what's known as a "fresh start." In 2004, over 1.1 million people filed for Chapter 7, accounting for roughly 72 percent of non-business bankruptcies.

Since many Chapter 7 filers don't have assets that qualify for liquidation, credit card companies and other creditors sometimes get nothing.

In a Chapter 13 bankruptcy, you're put on a repayment plan of up to five years. Any debts not addressed by the repayment plan don't have to be paid. Last year, there were 445,574 Chapter 13 filings.

Under the new law, fewer people will be allowed to file under Chapter 7; more will be forced to file under Chapter 13.

Lawmakers who favor the legislation argue that it will prevent consumers from abusing the bankruptcy laws – using them to clear debts that they can afford to pay.

But consumer advocates argue that the new law is a gift to creditors – particularly the credit card industry, which may receive $1 billion or more from repayment plans due to the expected increase in Chapter 13 filings, according to Robert McKinley, CEO of CardWeb.com.

‘The bill simply doesn't balance responsibility between families in debt trouble and the creditors whose practices have contributed to the rise in bankruptcies,’ said Travis Plunkett of the Consumer Federation of America in a written statement.” By Jeanne Sahadi, CNN/Money senior writer

 

 

        How about Johnson + Johnson inc.. What’s the first thing that comes to mind when you think about this company? Lotion, baby powder, soap maybe, but probably not another corporation with owners hell bent on nothing but profit and power. You’ve heard of splenda right? The most recent addition to artificial sweeteners, meant to replace aspartame (also known as nutrasweet, which caused many illnesses). Splenda is the name brand for sucralose, and just within 2000 to 2004, went from being in 5 to 20% of American homes. As of 2006 there had only been a study of 36 people turned in to the FDA for approval. 23 of these 36 people actually received sucralose, but fortunately for the corporations the testing only lasted 4 days and was focused on tooth decay associated with the additive. Johnson + Johnson said something along the lines of: if it does negatively effect people only one generation will be affected; I cant find the exact quote. J+J went through billion dollar lawsuits, where they denied giving any misleading information about splenda. Even though, "Made from sugar, so it tastes like sugar," and "Good for the whole family", we’re marketing phrases developed by the company. The whole truth is that according to McNeil-PPC, Inc., "Sucralose is manufactured using a patented multi-step process in which 3 hydrogen-oxygen groups on the sugar (sucrose) molecule are selectively replaced with 3 chlorine atoms.". Not only do they change the molecular structure of sugar into a dangerous chlorocarbon, but they also use phosgene gas

as the chlorinating agent. Phosgene is mostly used for plastics and pesticides, but at room temperature is a poisonous gas utilized in World War I as an asphyxiating agent.

 

 

        When we have the resources at our fingertips to create nearly anything conceivable, why are we hell-bent on destroying our planet and bodies with harmful materials? Because most of the time the substitutes are cheaper and easier to produce, and are then in turn sold for more by being marketed as something better for you. I don’t really blame the consumers, because we don’t have much choice. But it’s the corporate heads that bank off of hazardous shit we shouldn’t be able to buy in the first place. It’s the kind of people who mass produce and continue to distribute harmful products on false pretenses that perpetuate the already unstable market. Correct me if I’m wrong but I thought the idea of mass production and corporations was to make life simpler. But I feel like I need to google the ingredients of any inorganic foods I buy.

 

 

 

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