Adonis Diaries

Has Covid-19 changed this notion of “Moral Entity”?

Posted on: March 25, 2020

Has Covid-19 changed this notion of “Moral Entity”?

Note: Repost of 2011 article “A moral entity? What are multinational corporations?”

Even developed States are hostage to mega multinational financial “entities” and subordinated to their dictat.

Follow the money trail” is the principal rule for investigating criminal activities of mafia, dirty politicians, money launderer, and cases of conflict of interests in public institutions dealing with private enterprises.

“Follow the money trail” is a valid guiding rod to investigating how current deteriorating moral values and ethical conducts are making inroads into our societies and taking ascendency over well-tested sets of values.

Any sane thinking individual can find a direct link between how financial multinationals function and their corresponding predominant value system.

Financial multinationals are disseminating, by their global branches, and their affiliation with other companies and media, by their close cooperation with political organizations and States governing bodies, the value system and ethical standards that promote their interests (shareholders) and mentality of financial profit by all means.

As one State erect barriers to influx of unnecessary products and product competing with its autonomy, economic and financial security, and preserving its scarce resources, you find multinational companies vigorously push forward, dislodge the barriers and exploit resources of weaker nations.

Financial multinationals and multinational enterprises bribe their way and threaten with the heavy stick of their original powerful nations to impose their will and interests with makeshift contracts, not even valid in any serious court of justice.

Ironically, while a financial multinational threatens with embargo and sanctions, supported by its powerful government, it really don’t give a damn of the citizens of its original country: Money and profit have no restrictive citizens or smelling race. Money and profit  have no standard particular social value.

Who control a multinational corporation?  You might reply:

“He is the appointed General Director by the elected board members.”  Who control the board of directors?  You might say: The shareholders.  And you carry on your excuses for exploiting people and nations on the premise that shareholders invested for profit and they are generally not aware how the corporation do business on their behalf.

There are figure-head shareholders who elect nobody, and shareholders extending their voting rights to a third-party, and super electing body or “club of the old money

For example, you say this dictator control this State, and who control the dictators?  You might say the bondholders or the multinational financial institutions controlled by the club of old money.  And you ask: “who are these clubs of old money?”

And you start reading biographies of these old crooks who “whitened their money in highway-robbery schemes” and how their inheritors legitimately resumed the same crooked behavior:

They were elected to political offices and they finance election campaigns, and fund lobbies for special interest laws.

A “moral entity”?

Time to start redefining what a moral entity means.

It is time to get outraged big time and return the power and rights to the people.

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adonis49

adonis49

adonis49

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