more than any other institutional sector, columnist Nicholas Goldberg cites large corporations that have betrayed their responsibilities.
We engage with people as colleagues and as customers. We trust people and companies to build our houses, provide our gas, cook our food and so many other things.Yes, sometimes we are disappointed and outcomes are bad, but generally most business leaders work to earn the trust of their employees and customers every day.
However, the industries he cites — oil, pharmaceuticals, tobacco and autos — are some of the most heavily regulated industries in the country. These industries are regulated by individuals appointed and managed by politicians. Goldberg does not discuss how these companies made the decisions that led to the bad behavior he so laments. These businesses are run by people who make and implement decisions, and then so often justify them when proven later to be detrimental to consumers and even their own workers.
The circular logic here is astounding.