Dismantle oppression. Deepen democracy. Destroy tyranny.
Posts tagged capitalism
-LG Corporate Social Responsibility document
Subtext: “We make profits, and give you wages! See!? Win-Win”
I don’t like this game…
…this sounds like a misquote to me. I’m suspicious. Looking for a source, but haven’t found it…
Details of the meeting have emerged after a fire at a Bangladesh factory that made clothes for Wal-Mart and Sears Holdings Corp. killed more than 100 people last month. The blaze has renewed pressure on companies to improve working conditions in Bangladesh, where more than 700 garment workers have died since 2005, according to the International Labor Rights Forum, a Washington-based advocacy group.
At the April 2011 meeting in Dhaka, the Bangladesh capital, retailers discussed a contractually enforceable memorandum that would require them to pay Bangladesh factories prices high enough to cover costs of safety improvements. Sridevi Kalavakolanu, a Wal-Mart director of ethical sourcing, told attendees the company wouldn’t share the cost, according to Ineke Zeldenrust, international coordinator for the Clean Clothes Campaign, who attended the gathering. Kalavakolanu and her counterpart at Gap reiterated their position in a report folded into the meeting minutes, obtained by Bloomberg News.
“Specifically to the issue of any corrections on electrical and fire safety, we are talking about 4,500 factories, and in most cases very extensive and costly modifications would need to be undertaken to some factories,” they said in the document. “It is not financially feasible for the brands to make such investments.”
Wow that is some effed-up cost/benefit analysis. I’m not sure what the correct policy response from the wealthy industrialized countries buying the output is, here. Tariffs on goods produced at factories without safety audits, possibly? Obviously there needs to be something done to fix this system but it’s hard to think of a way of doing so that would be feasible to enforce. (via jakke)
gotta protect ‘dem profits. Of the pie, can’t possibly take a chunk from what the owners and share holders get… That huge chunk is non-negotiable.
sounds to me like global capitalism is not morally “feasible”