Government: Go after large corporations
Author: - June 19, 2010 - Updated: June 19, 2010
I am appalled by the current lack of regulation across multiple industrial and financial sectors. We are all well aware of the Gulf of Mexico oil spill, and lack of regulation in the oil industry.
Even more disheartening is the massive recall of children’s medicines made by Johnson and Johnson. Among other things, Johnson and Johnson was cited for too much active ingredient in children’s Tylenol, contamination of raw material with potentially dangerous bacteria, and contamination of product with pesticide. The list of citations goes on as does their continual lack of transparency with the FDA.
And, then the sector that led to the recession. Much of the action that led to the financial crisis of 2008 should have been criminal. The stock market screams for better regulation if folks in the middle class are ever to stand a chance of their 401k’s providing for their retirement.
What I don’t understand is why ordinary individuals started believing that big business places a higher value on their physical and financial well being than their own government. Federal regulation is designed to protect individuals from the profit driven motives of big business.
What is needed is for individuals to take a stand against big business, the lobbyists employed by big business and paid huge sums of money to fight regulation, and the politicians who are in the back pockets of lobbyists. We, the people, need to take a stand and say that we are tired of our emasculated regulatory system. We want YOU, the large corporation, to be regulated!