Multinational Corporations And The Destruction Of The Family

1563 words - 6 pages

The pursuit of the bottom line is the goal of many businesses of a variety of sizes. The ability to buy cheaply, sell dearly and minimize costs across the board gives businesses an edge that allows them to create vast amounts of wealth for those with a stake in the business or corporation, but at what cost? Multinational corporations create great deals wealth but they propagate social and cultural inequality, poverty and environmental damage at rates to rival their gains. Multinational Corporations wield incredible amounts of political and economic clout, clout that allows them to manipulate a region without fear of recourse on the part of the localities in which they reside. The gains of corporations with respect to political and economic status are often accompanied by the withering of political and economic status on the part of indigenous populations and local labor forces. Specifically, the appearance of multinational corporations has served to aggravate the erosion of political and economic status at the familial level. The wielding of this economic and political power on the part of corporations is often characterized by violence on the part of its agents.

One aspect that allows multinational corporations to survive in the business world is their lack of responsibility to the localities in which they do business. Albert J. Dunlap, a former CEO of multiple corporations had this to say about corporations : “ The company belongs to people who invest in it- not to its employees, suppliers, nor the locality in which it is situated”. Even the market itself encourages corporations to be amoral and to turn a blind eye towards the needs of its employees and the regions. According to Richard Robbins “the fact is that environmentally and socially responsible corporations do not fare well in the capitalist world; they fail not because of any inherent weakness but because they become targets for takeovers by individuals or groups who, after taking the corporation over, quickly sell off the carefully managed resources solely to make a quick profit, leaving the corporation in ruin and its workers unemployed”. As well, cutthroat organizations have a natural edge over those that operate conscientiously, as the ruthlessness costs less and allows for larger gains in profits. Larger profits enable the ruthless corporations to increase the size and quantity of their ruthless pursuits until they have far surpassed the levels of more scrupulous companies.

Corporations who operate sweatshops can produce goods while paying their workforces very poorly in relation to the profits they achieve. They can absolve themselves of responsibility to their workforces by claiming that “The region benefits by our factories' presence, we provide jobs to those who need them”. The arrival of a factory can stabilize a region and offer jobs, but the disappearance of that factory when a multinational corporation finds a cheaper pool of labor(this happens often) creates a...

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