 | Peak Oil and the Financial Markets: A Forecast for 2008 | The Oil Drum | Holding Daniel Yergin and CERA Accountable |  |
233 comments on DrumBeat: January 10, 2008
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233 comments on DrumBeat: January 10, 2008
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"Taking advantage of people and situations is called "good business sense." Where is the crime?"
We are all law breakers. Who has never trespassed, never j-walked, never gone a mile over the speed limit, never littered, never failed to indicate when changing lanes, and never broken a single one of the multitude of obscure laws that each land has? There are in all probability laws that we have all broken that we are unaware of, because few , if anyone, is aware of all the laws in their country.
Their are plenty of people who are criminal however, without breaking laws or being caught. And I would include some business practises in that category. The "Behind every great fortune there is a crime" comment presumably refers to the fact that great fortunes are usually won with the help of some criminal practise - even if the law has not been broken or they haven't been caught.
I think NeverLNG is confusing politics with business. Good business is where an equitable 'trade' has been made between two parties. In Balzac's day the third partner to a deal, the World, was not considered and for the main still isn't. I think he would have a field day commenting on our business practices, since its not not now necessary to have a great fortune to be defined as a criminal.
The biggest criminals accumulate enough wealth so that they can buy enough politicians to change the laws so that their crimes are redefined away as "good business practices in the national interest".