Extra Credit Essay The Tragedy in Savar shows in my opinion what these multinational corporations are all about, the bottom line! Multinationals should be held accountable, they have a responsibility to the people of Savar and other poor countries that they choose to produce their goods in. At the same time multinationals need to keep their investors happy, need to turn a profit quarter after quarter, need to win at all costs. So do I think what happened in Savar is the result of the free market?
Absolutely. The truth is it is easy to look at this from a moral standpoint and easily point the finger at these multinationals for allowing these poor working conditions, for choosing to produce their goods in poor countries where the workers are getting paid next to nothing, for not caring enough about the safety of these workers, etc. In reality I’m not sure these multinationals have a choice to do it any other way. We live in a profit driven free market where the bottom line trumps everything else.
Companies are evaluated by it, investors are attracted to it, the bottom line is the most important thing and companies are looking for every advantage possible. In a perfect world I would say that the multinationals should learn from this and stay in Savar. They should invest into the production facilities, improve working conditions and safety, and setup a fund for the families who lost loved ones in the incident. The reason I don’t think that will happen is because no one holds these companies accountable. Their reputation in Savar might be ruined but they aren’t the ones buying the products anyway, we are.
Business ethics; what does it really mean? Some say it's an ox y moron and the two words can't exist together as a concept. These people will tell you that within business, there is no room for ethics and ethical behavior. Others will explain the need for businesses to practice good ethical and moral values within their company, and the importance of this to our society. For me, in the past, I ...
If the free market is to blame here then we the consumers are of equal blame. Disney has shifted production to another site which is most likely just as poor as Savar with working conditions just as bad. The only way to solve the problem is if consumers stop supporting these large companies who choose to put profit over people. Its hard to write this essay and express what multinationals should do because at the end of the day they will do what they always do. However, for the essays sake I’ll give it a shot. Companies that are currently in Savar (as I stated above) should invest into the facilities they use to produce their goods.
This would be the logical and moral decision and one I would make if I were the CEO. The problem with this decision is that it is one that is made with two major factors; responsibility or bottom line. If these companies choose to stay and invest they are fulfilling their obligation to Savar. Its actually a great trade off, you help us produce our goods and we will invest in your city and people. I think the idea of free trade and a global economy would strive if this were the case. Leaving Savar is the easy way out however there are costs associated with leaving as well.
You have to find a new country to produce the goods, new facility, new workers, train new workers, rethink logistics, etc. Why these companies choose to leave a mess they are part of is beyond me when the costs of relocating probably cancel the costs of investing in the infrastructure. Disney are other who choose to leave are doing it to save face and show they are responsible but I think the best way to save face and gain the respect of others is to roll up your sleeves and fix the situation rather than disassociate yourself with it. If companies do stay there should be guidelines that they need to follow.
Actually there should be guidelines for all companies that choose to produce goods in other countries. Instead of wages, working conditions, etc be limited to each country, they should be universal. After all we are a free market and global economy, so they why not have rules and guidelines that are similar for all? Would this have happened if the factor was in America? Wage is something that’s harder to control given the economic status of some countries and exchange rates but safety and the way we treat humans should not be negotiated.
Good Country People is one of the most sought after works of Flannery O’ Connor. It is said to be the biography of O’Connor but she never claimed it to be such. The novel Good Country People seems to reflect the current situation and emotional status of O’ Connor while she was writing the novel, and if it is not in fact her biography, her emotion at that time has influenced the novel greatly. ...