Posted 10 years ago on Nov. 23, 2011, 7:19 a.m. EST by ZenDogTroll
from South Burlington, VT
This content is user submitted and not an official statement
Corporate greed produces terms like externality, terms designed to deny the very thing they define.
Externalities are costs of doing business. These are costs thought of as external. When PG&E poisoned their neighbors water, the costs associated with both prevention before the fact and remediation after meet this definition.
These are costs of doing business that are not counted as a cost of production, because of the mindset that possits they are external and therefore unrelated.
This is what greed does. It introduces a mindset that permits a state of denial surrounding actual costs of doing business, and do so in the name of profit.
Over time greed has had a corrosive effect on the availability and provision of customer service, reduced competition in the marketplace, and even skewed the perception on whether this is a good thing or not - not to mention having devised new and more intricate ways to pick the pocket of the American citizen.
I see that industry has become so engulfed in a morass of greed and that it is so rampant that there is no longer any need of its denial. It has become so rampant that, as a matter of principle, it has become embraced, as if it were a good thing and not a vice; yet there was a time when this was not so.
I say we Americans do not like to have our pockets picked.
I say we will break the hand that would pick our pocket.
– Greed, I say, Is NOT Good . . . . Nov. 24, 2011