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September 30, 2011

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Bill Perkins

How about that indeed. What Clegg actually said was "The government must guard the public interest as assiduously as Mr. Murdock guards his shareholder interests." I suppose one hears what one wants to hear in a speech, but if you're going to put statements in quotes, it ought to be accurate, don't you think?

So Clegg thinks governments should guard public interests as earnestly as Mr. Murdock guards his shareholders. Sounds like a compliment to Mr. Murdock don't you think. Clegg makes no equivalency of citizen rights to corporate shareholder rights. I certainly don't argue that government must be diligent in upholding public interest, but today's political debate is exactly what are the "public interests" federal government should be upholding.

At least you are consistent. Clegg also did not say "birth is justice", which is nonsensical on its face. In his defense of equal opportunity for children of all income strata, he stated that there is "a deep injustice when birth is destiny." That I understand, and it is an important principle of our country's founding in our Declaration of Independence: "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."

Liberty the government should provide, and we darn well expect it to. The rest is up to the citizens to do for themselves.

To the extent corporations choose to operate in foreign countries, then they are obligated to follow that country's law. Take Gibson Guitars recent example. But there is not universal global law. You seem to be imputing "legal relativism" of some sort. I don't equate Russia's laws to ours any more than I equate the UN's pronouncements the equivalent of our constitution or laws. You seem to want to give up the very documents that have made this country so unique.

Roger W. Norman

Let's see if I can type today.

Hello Bill,

I'm not going to answer all of this other than to say if I paraphrased I should have said so. I make the wild hair assumption that if government needs to protect its citizens as well as Murdoch protects its shareholders, than extrapolation to all corporations must ensue.

I'll jump to my music background and say that Gibson has violated import laws on unsustainable wood products for years now and has paid fines for such infractions.

Don't get me wrong, I've been a Gibson fan for 40 years or more, and have had a number over the years, but there are sustainable avenues towards good sounding wood and Gibson isn't following the laws of either country. Wood from Madagascar is not sustainable and prohibited from export. Yet Gibson has imported the same wood.

If you break a law because you can, then the law has no weight unless it also has teeth. I'll support Gibson again when they support sustainable wood for guitar manufacturing.

Of course there are some elements that make a difference. For instance, Stradivarius probably wouldn't have made such fine violins if we hadn't had the "little ice age". The trees that experienced the cold slowed down their summer development and had far greater density of rings, offering an unequaled sound in his instruments.

So its not just the sustainability of wood but the circumstances in which it grows. I can imagine that old forest redwoods would probably make some indestructible decks, but I'm not willing to find out.

Gibson shouldn't be taking advantage of the ability to purchase wood that is proscribed for sale, and then they wouldn't have any problems.

Corporations bring this stuff upon themselves, but how many times do they continue to suck others into their inability to abide by the laws?

Corporations are like little black holes, floating around and generally not hurting anyone until they come into contact that makes money for the Corporation. When that happens the gravity increases and grabs all of the flotsam in the general area, including people who have bought Gibson guitars made of proscribed materials.

You see, this is the point. I might want to have a Gibson guitar of a certain wood, but I have to assume that they have paid attention to the law, and if they don't, then by my purchase I have also infringed upon the law. No different than buying marijuana in California with a prescription. I would have to assume that the purveyor purchased legally distributable pot. If not, I'm part of the problem. I give rise to the profit motive corporations have to break the laws.

Roger

Bill Perkins

Reading between your lines, I take it you believe that government needs to protect people from corporations. Sounds like the OWS mantra, if they have one. Since they can't verbalize anything coherent, I guess I'm assuming that's their thought.

As a forensic accountant, Certified Fraud Examiner and court-appointed fiduciary in matters involving fraud, I am very familiar with corporate malfeasance and have done my part in assisting various courts in putting fraudsters into federal penitentiaries. Outright fraudsters abound, like Madoff, and they usually hurt a lot of gullible, but innocent people. Rules, regulations and laws against such activities also abound. Harry Markopolus tried to convince the SEC many years prior to the collapse of Madoff's funds that Madoff was a crook. Either no one there could comprehend what they were being told, or no one wanted to upset the apple cart.

In any case, most businesses, whether corporations, partnerships or sole proprietors, like most people, are law-abiding and trying their best to present a product or service that the consumer will accept at a price at which they can make a profit. In the course of that, they employ everyone and provide either directly or indirectly the taxes that support government functions. Corporations are run by and owned (ultimately) by people, and therefore will demonstrate all the foibles people, such as management, employees and the board of directors, might utilize the corporate structure to accomplish. Legal entities are not evil, it's the people within that sometimes create that result.

But it's not governments job to make all our decisions, invest all our money, decide what our education will be, decide what career we'll choose, decide who we should marry or not, how many kids we should have or not, decide how much effort and money we'll invest, etc. We have to stand on our own feet. Subject to a crime being committed against us, being a casualty of war, or having an inherited disability, 95% of the time we are responsible for our state of being. Corporations are not our enemy. We are our own worst enemy.

Roger W. Norman

New drug, new day, I'll try to answer tomorrow.

Roger

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