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Sunday, May 05, 2013

Food for thought

In the wake of the horrendous factory collapse in Bangladesh, companies identified as having work done there are scrambling to minimize damage to their brand. Loblaws, a giant food store in Canada that sells clothes as well, has publicly stated that they are having an emergency board meeting to address the sorry state of affairs. The really sad thing is that they and the others have made conscious decisions to use Third World factories to avoid unionized workers and any country that has labour and safety laws that are in any way enforced. The other point is that these companies are doing the right thing as far as profit is concerned. Although individuals in the companies may deplore the conditions and pay of the workers, capital demands that they show excellent numbers on the balance sheet considering the competition is doing the same thing. The coercive laws of capitalist competition demand it. Doesn't it make sense to end a system that makes this type of situation necessary? John Ayers.

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